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.
Economics
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