The marginal propensity to save plus the marginal propensity to consume always equals 1
a. True
b. False
Indicate whether the statement is true or false
True
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What is a credit card?
A) Money B) A convenient way to borrow money C) A bond D) A convenient way to sell a bond
The figure below shows the U.S. market for imported wine. For simplicity, we consider export supply curves to be flat. Chilean wine is available for $480 per barrel and French wine is available for $420 per barrel.
Suppose that the United States imposes a tariff of $80 per barrel on imported wine. How many barrels of wine will the United States import and who will they import from?
A. 22 million barrels from France B. 10 million barrels from France C. 15 million barrels from Chile D. 10 million barrels from Chile
The monopolistically competitive seller's demand curve will become more elastic the:
A. more significant the barriers to entry. B. larger the number of competitors. C. greater the degree of product differentiation. D. smaller the number of competitors.
Why is the ownership of the public debt an important issue?
What will be an ideal response?