In the savings function S = -725 + 0.25y, 0.25 is the

A) MPS. B) slope of the consumption function.
C) MPC. D) vertical intercept of the savings function.

A

Economics

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The Amsterdam flower market is

a. an example of an open outcry auction market b. an example of a Dutch auction market c. a commodity market in which bidding opens at a low price and then moves upward d. the world's best example of a perfectly competitive market e. a monopoly market

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Voluntary exchange is based on the principle that all parties must gain from trade

a. True b. False Indicate whether the statement is true or false

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