Which of the following is negative for the "typical" consumer at some level of real disposable income?
A. marginal propensity to consume
B. marginal propensity to save
C. average propensity to save
D. average propensity to consume
Answer: C
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The U.S. saving rate is
A) rapidly increasing. B) higher than that of most major countries. C) low. D) negative.
At its shutdown point, a perfectly competitive firm earns total revenue that
A) exceeds its total cost. B) generates a normal profit. C) just equals its total variable cost. D) exceeds its total variable cost.
The demand schedule for a good shows
a. the specific quantity of the good that people are willing and able to sell at different prices b. the positive relationship between the price and the quantity of the good c. no relationship between the price and the quantity of the good d. the specific quantity of the good that people are willing and able to buy at different prices e. the quantity of the good that is sold in the market
One way of alleviating opportunism is:
A. contracts in complex contracting environments. B. spot exchange. C. dedicated assets. D. vertical integration.