If the multiplier in the economy is 3, the marginal propensity to save (MPS) must be

A) 3. B) 0.67. C) 0.33. D) 1.


C

Economics

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A unique feature of oligopoly markets is

a. market power b. mutual interdependence c. barriers to entry d. product heterogeneity e. pricing power

Economics

The time and money it takes to organize a group or a campaign and to get the attention of lots of busy people is the:

A. reason why all individuals never participate in any collective action. B. cost of collective action. C. initial set-up costs of the campaign or group. D. reason why collective action does not happen in the real world.

Economics

The typical annual gain to consumers who switch to Walmart is between ________ per store.

A. $100 million and $150 million B. $250 million and $300 million C. $15 million and $33 million D. $31 million and $40 million

Economics

Which law specifically mandated the federal government's responsibility for economy-wide stability?

A. the Volcker Act of 1960 B. the Glass-Steagall Act of 1933 C. the Employment Act of 1946 D. the Sherman Act of 1890

Economics