If every time disposable income increases by 5 trillion, consumption increases by 4 billion and saving increases by 1 billion, the MPC and MPS are, respectively,
What will be an ideal response?
4/5 and 1/5
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International trade has the potential to ____ the availability of goods and services to ____
a. increase; those nations who export more than they import b. increase; nations that have an absolute advantage in the production of a good or service c. increase; all nations d. decrease; all nations
Sugar price supports primarily benefit consumers
a. True b. False Indicate whether the statement is true or false
Why do most economists favor emissions taxes over direct controls as a pollution deterrent?
What will be an ideal response?
"No individual should have less than $20,000 income in the United States in 2017" is an example of
A) a normative statement. B) a positive statement. C) an illogical and refutable statement. D) a truism.