The concept that a dollar today is worth more than a dollar in the future is called
A. the net productivity of capital.
B. economic rent.
C. present value.
D. the capitalization of assets.
C. present value.
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John Maynard Keynes's central proposition that a dollar increase in disposable income would increase consumption, but by less than the increase in disposable income, means the marginal propensity to consume (MPC) is:
a. greater than or equal to one. b. equal to one. c. less than one, but greater than zero. d. negative.
An exchange will take place between two parties as long as:
a. the seller benefits from it. b. the buyer benefits from it. c. any one of the parties benefit from it. d. both the parties benefit from it.
Multinationals typically operate in a market structure that would best be described as
A. inherently disadvantaged. B. perfect competition. C. monopoly. D. an oligopoly.
The marginal income tax rate applies to
A. the income in the highest tax bracket reached. B. the income received by people above the national average. C. all income earned by a family. D. the income of the highest income U.S. taxpayers.