The marginal propensity to consume is always
A) equal to zero. B) less than one. C) equal to one. D) greater than one.
B
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One generally recognized positive effect of illegal immigrants is:
A. Lower costs of products and thus lower prices for consumers B. Higher demand for social services C. Reduced average wage rates for workers in some sectors D. Positive effects on national defense
Which of the following does the United States export?
a. oats b. coffee c. oil d. lead e. copper
In the aggregate expenditures model, if an economy operates above equilibrium GDP, there will be:
a. unplanned inventory depletion. b. an increase in GDP. c. an increase in employment. d. a decrease in GDP.
The principle of "comparable worth" asserts that people with comparable, if not identical, skills and responsibilities should receive the same pay. If this principle were to become law, it would tend to
a. reduce the problem of the "cost disease of services." b. exacerbate the problem of the "cost disease" of the service sector. c. be irrelevant to the "cost disease" problem. d. eliminate the problem of externalities.