Refer to the diagram. The average propensity to consume:
A. is greater than 1 at all levels of disposable income above $100.
B. is greater than 1 at all levels of disposable income below $100.
C. is equal to the average propensity to save.
D. cannot be determined from the information given.
B. is greater than 1 at all levels of disposable income below $100.
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Which of the following statements is true?
A. Discrimination against women and blacks reduces the demand for these workers resulting in lower wages paid these workers. B. Discrimination is no longer a problem in the United States. C. A negative income tax system is a plan where everyone pays the same percentage of their income as taxes. D. A negative income tax system is a plan where those below a certain income receive a cash payment from government.