If income in Austria decreases by 30 million euros and consumption decreases by 24 euros, then the MPC equals
A. 0.90.
B. 0.80.
C. 0.60.
D. ?0.60.
Answer: B
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In 2002 some politicians and many representatives of the steel and iron-ore mining industries in the U.S. complained foreign steel producers were illegally "dumping" steel and contributing to a potential unemployment problem
According to the economic way of thinking, their argument is questionable because A) it is not at all clear what the appropriate or correct price of steel is. B) it is not at all clear what the appropriate or correct cost of steel is. C) it is not at all clear that such an activity increases total unemployment in the U.S. D) all of the above are true.
A political structure's enfranchisement refers to:
A. who has the right to vote. B. which territories are protected under particular laws. C. which territories are restricted by particular laws. D. the government's ability to expand its power.
Explain what protections and rules are in place for entrepreneurs, which encourages them to innovate
In a perfectly competitive market, the horizontal sum of all the individual firms' supply curves is
a. zero. b. equal to the industry profits. c. the market supply curve. d. a horizontal line.