Households use all of their disposable income ________ and ________
a. to pay taxes; social security
b. for consumption; to pay taxes
c. for consumption; saving
d. for rent; groceries
c
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In the above table, the marginal propensity to save is
A) 0.6. B) 0.8. C) 0.2. D) 0.4.
Improving agriculture's terms of trade involves
a. increasing the amount of goods available to farmers b. increasing the number of markets in which farmers can sell c. increasing the amount of credit available to farmers d. increasing the relative price of agricultural goods compared to manufactured goods e. none of the above
Which of these is most likely to result when a demand-management policy is used in an economy that is experiencing stagflation?
a. A decrease in investment spending b. An increase in the rate of inflation c. An increase in unemployment d. A decrease in the rate of inflation e. A decrease in real GDP
A firm that is a "pure monopoly" is
a. a seller of a highly advertised and differentiated product in a market with low barriers to entry in the long run. b. the only seller of a good for which there are no good substitutes in a market with high barriers to entry. c. the only buyer of a unique raw material. d. the producer of a product subsidized by the government.