Suppose that Alan, Annie, Amanda, Alicia, and Anthony begin with the same MPC. According to Keynes's absolute income hypothesis, who ends up with the highest MPC?
a. Alicia, an attorney who earns $200,000 per year as a corporate tax specialist
b. Annie, a college student living on $5,000 of student loans
c. Alan, a new college graduate earning $24,000 in his first job
d. Amanda, a fifty-year-old CEO earning $133,000
e. Anthony, a twenty-two-year-old rap star earning $3 million
B
Economics
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If a country allows free trade and imports cars, then it is the case that the gains to domestic producers outweigh the losses to domestic consumers
a. True b. False Indicate whether the statement is true or false
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In 2013, the average person over age 65 covered by Medicaid cost the government
A. $15,483. B. $2,650. C. $938. D. less than the average cost of all Medicaid recipients.
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