When Javier's income increases by $5,000, he spends an additional $3,750 dollars. This implies that his marginal propensity to consume is 0.75

Refer to the scenario above. Which of the following combinations lie below Jack's production possibilities curve?

A) 10 paintings and 6 sculptures B) 5 paintings and 1 sculpture C) 10 paintings only D) 10 sculptures only

Who would be included in the labor force?

a. Maggie, who plans to work at the newspaper next year when she turns 16 years old. b. Lisa, who is unhappy with her current job. c. Bart, who is a full-time student and uninterested in finding employment. d. None of the above is correct.