The marginal propensity to save (MPS) is equal to

A) MPC + 1. B) 1 + MPC. C) 1 - MPC. D) MPC - 1.


C

Economics

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Every international transaction automatically enters the balance of payments

A) once either as a credit or as a debit. B) twice, once as a credit and once as a debit. C) once as a credit. D) twice, both times as debit. E) the times, once as a credit, onces as a debit, and once as an exchange.

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Unit taxes cause shifts, while ad valorem taxes cause pivots.

A. True B. False C. Uncertain

Economics

The only way that consumption can be taxed is through a general sales tax

a. True b. False

Economics

During the 1920s, income inequality ______ and the return on schooling was relatively _____

a. increased; low b. increased; high c. decreased; low d. decreased; high

Economics