The average propensity to save
A. plus the average propensity to consume equals 1.
B. is negative at very high levels of income.
C. varies directly with income; as income rises, the APS falls.
D. minus the average propensity to consume equals 1.
A. plus the average propensity to consume equals 1.
You might also like to view...
If instead of working on his own as a consultant making $25,000, Joe takes a job at a bank, the $25,000 is
A) an opportunity cost. B) a depreciation. C) a loss. D) an accounting profit.
Merit pay for teachers has a _________ on test student test scores.
A. positive B. negative C. undetermined D. none of these answer options are correct.
If the government increased licensing requirements for beauty salons, the supply curve for salon services would shift to the left
Indicate whether the statement is true or false
Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces fish and bird reproduction. This causes damage to local fishermen and bird watchers. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen and bird watchers will not suffer any damage. The relevant gains and losses (in thousands of dollars) for the three parties are listed below. WithFilterWithoutFilterGains to Erie$200$400Fisherman$180$50Bird Watchers$130$25The cost (in thousands of dollars) of the filter to Erie Textiles is ________, and the net benefit (in thousands of dollars) of the filter to the fishermen and bird watchers is ________.
A. $200; $75 B. $200; $235 C. $310; $200 D. $400; $310