In the range of disposable income where the consumption function lies above the 45° line,
A) disposable income is negative.
B) saving is negative.
C) disposable income equals planned expenditures.
D) induced consumption is zero.
E) saving is positive.
B
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Which of the following transitional economies has become a high-income nation?
a. Czech Republic b. Kazakhstan c. China d. Vietnam e. None of the answers is correct
Answer the following statement(s) true (T) or false (F)
1. The federal grant program may have created an incentive for over-building of POTWs and a disincentive for cost-minimization. 2. The Nonpoint Source Management Program was enacted under the Water Quality Act of 1987 as a three-stage plan to be implemented at the state level. 3. According to the text application, mercury contamination is relatively easy to control because mercury emissions tend to remain close to the polluting source. 4. In the United States, the greatest proportion of resources and funding has been allocated to nonpoint source pollution. 5. Delegating control of nonpoint source pollution to the states can be advantageous because runoff is affected by factors that vary considerably, making uniform controls at the federal level ineffective and difficult to implement.
If Japan's Real GDP falls, this tends to _________________ United States exports, shifting the United States AD curve to the _____________________
A) raise; right B) raise; left C) lower; right D) lower; left
The law of demand is derived under the assumption of
A) constant prices. B) constant real incomes. C) constant consumer tastes and preferences. D) constant marginal utility.