The marginal propensity to consume is the proportion of each new dollar's worth of income that is spent
Indicate whether the statement is true or false
TRUE
Economics
You might also like to view...
Compare and contrast hedge funds and mutual funds in terms of the benefits and drawbacks of each
What will be an ideal response?
Economics
A competitive equilibrium is Pareto efficient because at the competitive equilibrium,
A) prices have been allowed to adjust. B) there are no further gains from trade. C) the final outcome is different from the original inefficient endowment. D) all members of society can be made better off.
Economics
A decrease in population can be expected to
a. increase the marginal product of land. b. decrease the supply of land. c. decrease the rents on land. d. increase the demand for land.
Economics
Briefly describe the practice of resale price maintenance
Economics