During the colonial period there were no apparent economies of large-scale production in:

a. rice.
b. wheat.
c. tobacco.
d. indigo.

b. wheat.

Economics

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Appropriation

What will be an ideal response?

Economics

If disposable income increases by $100 and consumption increased by $85, ceteris paribus, we may conclude that

A) the marginal propensity to consume is 0.85. B) the marginal propensity to consume is 0.15. C) $15 is autonomous consumption. D) a change in disposable income is induced by a change in consumption.

Economics