The saving schedule shows the relationship of saving of households to the level of:
a. Consumption
b. The average propensity to save
c. Investment
d. Disposable income
d. Disposable income
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A government is thinking about increasing the sales tax rate. Should it use static or dynamic tax analysis? Explain why one approach is better than the other
What will be an ideal response?
In general, which the following is NOT true about the "new" immigrants that arrived after 1880?
a. They experienced pervasive wage and hiring discrimination. b. They originated mostly from south and eastern Europe. c. They took the lowest positions in the social strata. d. All of the above are true about the "new" immigrants.
In a coin toss bet, where both heads and tails are equally likely, you win a $3 on heads but lose $1 on tails. The expected value of the bet is
a. $0.50 b. -$0.50 c. $1.00 d. $0.00
A new file cabinet will generate $300 in net revenue each year for a Data Storage Co The file cabinet has a useful life of two years. At the end of the second year, the cabinet will be sold as scrap metal for $200 . If the interest rate is 10 percent (0.10) per year, what is the present value of the file cabinet to Data Storage Co? (Assume that each year's revenue is received at the end of the
year.) a. $500 b. $600 c. $800 d. $1,000 e. none of the above