The nation has its own MPC. When disposable income increases from $300 billion to $400 billion, national consumption increases from $300 billion to $360 billion. At Y = $400 billion, the MPC is:

When decision rights are decentralized, typically

a. decisions are being moved to those with less of the relevant information b. decisions are being moved to those with stronger incentives to make good decisions c. decisions are being moved to those with more of the relevant information d. decisions are being moved from those with weaker incentives to make good decisions

Which of the following is not true?

A) U.S. farms tend to be specialized rather than diversified in that about half of the U.S. farms produce just one commodity. B) All food and beverage products are normal goods. C) One out of every ten jobs in the U.S. economy is tied to the food and fiber industry. D) Both A and B.