The marginal propensity to save is:
a. the change in saving induced by a change in consumption.
b. (change in S) / (change in Y).
c. 1 ? MPC / MPC.
d. (change in Y ? bY) / (change in Y).
e. 1 ? MPC.
e
Economics
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For which of the following products would price discrimination be most difficult?
a. photograph developing b. tooth extractions c. airline tickets d. beer e. college education
Economics
Which of the following statements about a circular flow model is false?
A) Producers are buyers in the factor market and sellers in the product market. B) Households are neither buyers nor sellers in the input market. C) Producers are buyers in the factor market. D) Households are buyers in the product market.
Economics