The slope of the consumption function is equal to:
A) the marginal propensity to consume.
B) autonomous consumption.
C) the marginal propensity to save.
D) zero.
A
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Refer to Table 2-6. What is James's opportunity cost of making a tricycle?
A) 2 tricycles B) 3/4 of a wagon C) 1/2 of a wagon D) 1/2 of a tricycle
Refer to Figure 4-9. For each unit sold, the price sellers receive after the tax (net of tax) is
A) $12. B) $8. C) $4.40. D) $3.
Tom loses his job and immediately begins looking for another. Other things the same, the unemployment rate
What will be an ideal response?
Which of the following is an example of a positive economic statement?
A) The unemployment rate last month was 5.4 percent. B) The unemployment rate last month was too high. C) Because of the high unemployment rate last month the government should increase government spending. D) The unemployment rate should be measured differently because it doesn't include students who can't find jobs.