Which statement is true?
A. If the APC is greater than one, the APS is negative.
B. If the APC is less than one, the APS is negative.
C. The APS can never be negative.
D. None of these statements are true.
A. If the APC is greater than one, the APS is negative.
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Classical growth theory asserts that
A) growth in real GDP per person is temporary. B) only some countries can have economic growth. C) real GDP growth will eventually be a constant 3 percent per year. D) nominal GDP growth is most important.
Harvey Miller owns a baseball that was hit for a home run by Ted Williams
Harvey, a long-time Boston Red Sox fan, recently refused to sell his baseball for $75,000 even though he would not have paid someone more than $10,000 for the baseball if he did not already own it. Harvey explained his decision not to sell the baseball by noting that: "Ted Williams was my hero. This baseball has a great deal of sentimental value for me." Which of the following can explain Harvey's behavior? A) how social influences can affect consumption choices B) the difference between implicit and explicit costs C) the endowment effect D) the scarcity of home run baseballs hit by Ted Williams
The marginal propensity to consume is calculated by dividing the change in consumer spending by the change in disposable income.
Answer the following statement true (T) or false (F)
Systemic risks would be most prevalent at larger banks like Bank of America and Citibank.
Answer the following statement true (T) or false (F)