The saving schedule is drawn on the assumption that as income increases:
A. saving will decline absolutely and as a percentage of income.
B. saving will increase absolutely but remain constant as a percentage of income.
C. saving will increase absolutely but decline as a percentage of income.
D. saving will increase absolutely and as a percentage of income.
D. saving will increase absolutely and as a percentage of income.
Economics
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If firms pay efficiency wages, they pay wages that
A) are mandated by the government. B) will eventually lower the unemployment rate. C) motivate workers to increase their productivity. D) are lower than average to ensure maximum profit.
Economics
In the above figure, what are the equilibrium price and quantity?
A) $40 and 200 units B) $50 and 100 units C) $10 and 200 units D) $30 and 100 units
Economics