The consumption function shows an indirect relationship between consumer spending and disposable income
a. True
b. False
Indicate whether the statement is true or false
False
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Which statement is false?
A. Crime and drugs are central to the ghetto culture. B. Ghetto residents are more likely to be street crime victims than middle class people. C. A basic way to reduce crime would be to alleviate poverty. D. None of these statements are false.
____________ is the extra usefulness or satisfaction that a person gets from acquiring one or more unit of a product.
a. marginal utility b. diminishing marginal utility c. income effect d. change in demand
Failure to pay back a loan:
a. collude b. collateral c. default d. accelerate
What policy tool of the Federal Reserve relies on bank borrowing to be effective?
A. Check collection B. The reserve requirement C. The discount rate D. Open-market operations