The marginal propensity to consume is defined as
A) the change in consumption divided by the change in disposable income.
B) the change in disposable income divided by the change in consumption.
C) consumption divided by disposable income.
D) disposable income divided by consumption.
A
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Private insurance companies have been out of the flood insurance business for decades. After their departure the government has gone into the business by granting coverage with below-market premiums
Why might this be in inefficient outcome? Comment on the amount of housing that we should expect to see along our nation's coastlines. Also, discuss the degree of danger that this poses for both property and lives when hurricanes strike.
How does the increasing use of digital cameras affect the market for traditional camera film?
A) The demand curve for traditional camera film shifts to the right. B) The quantity of traditional camera film demanded decreases. C) The quantity of traditional camera film demanded increases. D) The demand curve for traditional camera film shifts to the left.
An employer that only employs applicants who have college degrees is an example of
A. proofing. B. moral hazard. C. mandating that information be shared. D. screening.
Law of demand
What will be an ideal response?