The marginal propensity to consume (MPC) is _____
Fill in the blank(s) with the appropriate word(s).
the relationship between a change in consumption and a change in income.
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Economists assume that individuals make informed decisions and act in their own self-interest
Indicate whether the statement is true or false
An export is any good that is:
A) rationed and licensed by the government. B) produced and consumed domestically. C) produced by public-sector firms. D) produced domestically, but sold abroad.
Season tickets entail a certain amount of risk due to unpredictable team quality, injuries, weather, and so forth. Who is most likely to purchase season tickets?
A) Sally, who is a rabid fan and is not wealthy B) Jim, who is a rabid fan and is risk neutral C) Roger, who is a rabid fan but is risk averse D) Jenn, who is a fan and is very wealthy
The International Fisher Effect links interest rates and exchange rates.
a. true b. false