Which statement is true?
A. Autonomous C can never be greater than induced C.
B. Induced consumption can never be zero.
C. As disposable income gets larger, induced C gets larger relative to autonomous C.
D. None of these statements are true.
C. As disposable income gets larger, induced C gets larger relative to autonomous C.
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A defined benefit pension plan is designed to retain a worker at the same firm for his or her career
Indicate whether the statement is true or false
Double markup problems arise when
a. upstream firms have market power b. downstream firms have no market power c. upstream and downstream products are unrelated in demand d. upstream and downstream firm's pricing decisions tend to increase the demand for the other product
Workers displaced by trade eventually find jobs in
a. another country. b. the government sector. c. the industries in which the country has a comparative advantage. d. a different company in the same industry.
All of the following could be a barrier to entry EXCEPT:
A. decreasing long-run average cost. B. rising LMC. C. patents. D. switching costs. E. a government franchise.