A physician whose job is to determine if a patient needs to be referred to a specialist is called
A. an HMO doctor.
B. a primatologist.
C. a primary care physician.
D. an intern.
Answer: C
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The smaller the marginal propensity to save, other things constant, _____
a. the smaller the marginal propensity to consume b. the smaller the multiplier c. the flatter the consumption function d. the steeper the consumption function e. the steeper the saving function
When crowding out occurs, higher government spending results in higher interest rates, which in turn results in:
a. higher inflation. b. less consumption and investment. c. a larger debt ceiling. d. more tax revenues.
If a consumer purchases more of a product, then most likely the marginal utility of _____
a. that product decreases b. that product remains the same c. other products decrease d. other products increase e. that product increases
An example of a good that is rival in consumption is:
A. tap water. B. a sweater. C. bottled water. D. All of these goods are rival in consumption.