Dissaving occurs when
A. disposable income exceeds consumption.
B. the marginal propensity to consume is equal to zero.
C. the marginal propensity to save is greater than 1.
D. consumption exceeds disposable income.
Answer: D
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The United States is the largest national economy in the world.
Answer the following statement true (T) or false (F)
Many people have bemoaned the fact that hand-written personal letters have become largely a thing of the past
They have also noted that the number of emails they receive have increased quite dramatically and can hardly be compared to the volume of letters that they used to receive by mail. Explain in terms of opportunity cost why this might be the case. Explain why junk email is probably more of a problem than traditional junk mail delivered to our mail box.
Hyperinflations are usually made possible by
A. multinational corporations. B. highly mobile international capital. C. governments printing money rapidly. D. higher and higher tax rates.
Balanced across the board, U.S. income growth characterizes the period of the:
A. entire 20th century. B. 1960's to 1990's. C. mid 1940's to the early 1970's. D. 1980's to the present.