Refer to the consumption schedule above. The average propensity to save at income level B is represented by:
A. 0C/0B
B. EF/BE
C. EF/BF
D. DE/AB
C. EF/BF
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What is shown on a firm's income statement?
A) profits B) revenues C) costs D) All of these are shown on a firm's income statement.
In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a certain level of expertise with financial information and mandating that chief executive officers personally certify the
accuracy of financial statements. What is the name of this legislation? A) the 24th amendment to the Constitution B) the Sarbanes-Oxley Act C) the Kennedy-Lott Act D) the Accountant Reliability Act
Which of the following actions would increase the consumption spending component of the gross domestic product (GDP)?
a. Ann cooking dinner for Tim instead of going out b. Ann and Tim buying a used microwave oven c. Ann and Tim buying vegetables to prepare soup at home d. Tim buying Ann a dress e. Tim and Ann painting the garage themselves
In a prisoner's dilemma:
a. all competing parties gain. b. one competitor gains at the expense of another. c. all competing parties lose. d. one competitor loses.