If consumption is $30,000 when income is $35,000, and consumption increases to $36,000 when income increases to $43,000, the MPC is
A. 0.65.
B. 0.75.
C. 0.80.
D. 0.95.
Answer: B
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When Gabriel made a rational choice to spend his entire allowance on candy bars, he did so by comparing the
A) benefits of the candy bars to the desires he had for the candy bars. B) marginal benefits of the candy bars to the marginal costs of the candy bars. C) opportunity costs of the candy bars to the scarcity of the candy bars. D) benefits of the candy bars to the scarcity candy bars. E) self-interest to the social interest.
Opportunities for arbitrage in the foreign exchange markets throughout the world are:
A. plentiful, particularly in developing nations. B. plentiful, particularly in markets trading in U.S. dollars. C. fleeting, because technology today allows quick trading that eliminate them quickly. D. fleeting, because most governments ‘peg' or fix their currency's value to another's.
A salesperson who uses a cash register to record over-the-counter sales should, at the end of each work day, turn over to a supervisor the cash register tape and a corresponding amount of cash.
a. true b. false
The Delors Report
A) created the single currency. B) added new countries to the EU. C) created a timetable and steps to economic union. D) eliminate the ERM.