Jack buys a computer from Sam, knowing fully well that the technology used in it is obsolete. In this case, the trade is

a. beneficial to both parties.
b. beneficial only to Sam.
c. beneficial only to Jack.
d. not beneficial to either of them.

Economics

If the marginal propensity to consume is 0.5 and disposable income decreases by $10,000 . by how much will consumption spending decrease?

a. $10,000 b. $500 c. $50 d. $5,000 e. $9,524

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Economics

Crowding out is important only in the classical model

a. True b. False

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Economics