In general, the steeper the consumption schedule the:
A. Smaller is the marginal propensity to consume
B. Greater is the marginal propensity to save
C. Smaller is the multiplier
D. Larger is the multiplier
D. Larger is the multiplier
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The Federal Trade Commission (FTC) Act
A) prohibited charging buyers different prices if the result would reduce competition. B) gave the FTC full power to regulate mergers. C) closed the loopholes in the Sherman and Clayton Acts. D) divided authority to police mergers between the FTC and the Department of Justice.
Economics
A) is a social science. B) is concerned with limited resources. C) is concerned with unlimited wants. D) All of the above are correct.
If the present value of an individual's savings account is $52,354, what is its future value in 3 years if the account earns an annual interest rate of 8 percent?
A) $66,580.89 B) $66,320.48 C) $65,950.96 D) $64,589.13
Which of the following is false? a. A positive statement must be testable but need not be true
b. A hypothesis is a normative statement. c. Normative analysis involves subjective, non-testable statements. d. The majority of disagreements in economics stem from normative issues.