Which of the following is correct?
A. 1 - MPS = MPC - 1
B. 1 + MPS = MPC
C. 1 - MPS = MPC
D. 1 - MPS = MPC + 1
Answer: C
You might also like to view...
A country that is a member of the World Trade Organization
A) can use tariffs and quotas to limit trade. B) can establish preferential trading arrangements with other countries. C) is allowed to eliminate all of its tariffs and quotas. D) All of the above.
In the above figure for a monopolistically competitive firm, the total cost at the profit-maximizing point is
A. $540. B. $880. C. $400. D. $480.
One way to sidestep the debate over whether the government should increase spending during economic downturns is to:
A. cut government spending so the government has no ability to spend money. B. return to the gold standard so that the value of the U.S. dollar remains strong. C. identify projects that nearly everyone can agree the government should fund. D. raise taxes so that the government has the money it needs for additional spending.
Annie had a job as a human resource manager of a restaurant chain that went out of business due to a downturn in the economy
She looked for work for six months and gave up because she was convinced that she could not find a suitable job to fit her skill set. In this instance she would be counted as a A) job leaver. B) reentrant. C) discouraged worker. D) labor force participant.