As disposable income increases, consumption spending will rise, but it will rise by less than disposable income if the MPS is positive

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

True

Economics

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Which of the following criteria should be used to evaluate if government intervention in a market for the purpose of environmental protection is justified?

A) Is the intervention program economically efficient? B) Does the intervention program reduce pollution to zero? C) Does the intervention program maximize economic surplus? D) Does the intervention program minimize environmental damage?

Economics

Briefly explain how the miserliness of Ebenezer Scrooge might actually be beneficial for economic growth

What will be an ideal response?

Economics