Marginal propensity to consume
A) is the amount of consumption that is independent of the level of disposable income.
B) is the same as the break-even point.
C) is the proportion of total disposable income that is consumed.
D) gives the amount a person changes planned consumption for a change in real disposable income.
D
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Income accrues to people who supply productive services, which means services that
A) add to the monetary income of the society. B) are in demand. C) contribute to social welfare. D) result in tangible or durable products. E) supply basic wants.
In general, the relationship between democracy and economic growth as demonstrated by the high-growth Asian economies is that
A) democratic nations grow faster than undemocratic nations. B) democratic nations grow slower than undemocratic nations. C) there does not seem to be a relationship between democracy and economic growth. D) democracies are much more variable in their rates of growth than undemocratic nations.