Other things being equal, an increase in consumption spending implies
A) a decline in saving. B) that economic growth will soon increase.
C) a higher standard of living in the future. D) a decline in government spending.
A
Economics
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In 2002, the United States contained around _____ governmental units at all levels
a. ninety thousand b. twelve thousand c. fifty d. five hundred and thirty-five
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Diminishing marginal rate of substitution can be seen when indifference curves
A) cross. B) are convex. C) are downward sloping. D) become flatter as we move down and to the right.
Economics