The consumption schedule shows:
A. that the MPC increases in proportion to GDP.
B. that households consume more when interest rates are low.
C. that consumption depends primarily on the level of business investment.
D. the amounts households intend to consume at various possible levels of aggregate
income.
D. the amounts households intend to consume at various possible levels of aggregate
income.
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What is the name of the agreement related to intellectual property rights?
What will be an ideal response?
Economists argue that unhindered international trade leads to an efficient outcome. What is meant by "an efficient outcome" in this context?
A) an outcome in which wages are roughly equal around the world B) an outcome in which the standard of living is roughly equal around the world C) an outcome in which an individual can choose to specialize in a certain line of work and be certain that he or she can make a living at that until retirement D) an outcome in which resources are devoted to their most efficient use
The President and the Congress jointly determine the nation's monetary policies, and the Fed is required by law to implement those policies
a. True b. False Indicate whether the statement is true or false
A low concentration ratio would most likely indicate that the industry resembles the behavior of a(n)
A. cartel. B. monopolistic competitor. C. monopoly. D. oligopoly.