If you save $80 when you experience a $400 rise in your income
A. your MPS is 0.40.
B. your MPC is 0.85.
C. your MPS is 0.25.
D. your MPC is 0.80.
Answer: D
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Refer to the above table. The current account balance is
A) $140. B) $155. C) $170. D) -$45.
Which of the following is the most likely effect of higher chicken prices on the price and quantity purchased of beef, a substitute product?
a. The price of beef will increase, and the quantity purchased will fall. b. The price of beef will fall, and the quantity purchased will increase. c. The price of beef will increase, and the quantity purchased will increase. d. The price of beef will fall, and the quantity purchased will fall.
When a decision is made based on a simple majority vote it is possible for the total benefits to the community of this decision to be less than the total costs to the community of this decision
Indicate whether the statement is true or false
According to the World View excerpt that compares GDP figures for several nations, Japan's real GDP is approximately
A. More than that of China. B. Second only to that of the United States. C. More than that of Germany. D. All of the choices are correct.