The marginal propensity to consume is:
a. the relationship between a change in consumption and a change in income.
b. the relationship between a change in consumption and a change in saving.
c. the relationship between changes in consumption and changes in net wealth.
d. the ratio of income to consumption at any given level of income
e. the ratio of total consumption to total saving.
a
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When the world price of the traded good is lower than the domestic no-trade equilibrium price, free trade causes domestic production to fall and domestic consumption to rise
a. True b. False Indicate whether the statement is true or false
Starting from the 1990s, there was a significant shift toward
A. granting employees narrower decision authority and more specialized functions. B. granting employees narrower decision authority and less specialized functions. C. granting employees broader decision authority and less specialized functions. D. granting employees broader decision authority and more specialized functions.
Which group tends to have the highest unemployment rate in the United States?
A. Whites B. women C. Hispanics D. men E. Blacks
In Figure 45.2, at the one-employer "company town solution," the wage paid to workers will be 
Figure 45.2
A. W2. B. W*. C. W1. D. an undetermined point between W1 and W2.