In the United States, credit cards account for about what percentage of the dollar volume of transactions for goods and services?
A. 10 percent
B. 65 percent
C. 40 percent
D. 25 percent
Answer: D
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The change in the total output of a firm associated with using one more unit of an input is referred to as the:
A) marginal product of the input. B) total product. C) average product of the input. D) variable product of the input.
The best description of the economic ideology during World War I was __________
a. The belief that the economy could be strengthened by centralized coordination. b. The economy would work best with a strong commitment to the free market. c. The US should eliminate many federal agencies during World War I to make the government more efficient.
One of the costs of shifting from a business form that has unlimited liability to one that has limited liability is the
a. reduction in profit levels b. loss of expansion opportunity c. loss of a white knight d. loss of complete control over all aspects of the business e. unlimited debt potential
Mathematically, the marginal propensity to consume is
a. consumption divided by income. b. the change in consumption divided by the change in income. c. income divided by consumption. d. the change in income divided by the change in consumption.