The portion of income that is not immediately spent on consumption of goods and services is:
A. savings.
B. consumption spending.
C. investment.
D. loanable funds.
A. savings.
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The marginal social benefit (MSB) of abatement represents
a. the additional gains to society from reducing pollution b. the reduction in damages from abatement c. society's demand for abatement or environmental quality d. all of the above
The slope of the consumption function is the
A) APS. B) MPC. C) MPS. D) APC.
Describe the difference between discretionary and automatic fiscal policy
What will be an ideal response?
Entrepreneurs obtain control over the resources employed in the projects they undertake by
A) acquiring ownership through investment of their own funds. B) borrowing funds with which to purchase the resources. C) floating new issues of stock or bonds. D) offering credible guarantees to owners of resources. E) reinvesting the profits from previous successful projects.