Which of the following concepts best explains why the distance between A and B is 0.1 but the distance between C and D is only 0.75?
a. expenditure multiplier
b. marginal propensity to consume
c. marginal propensity to save
d. unplanned inventory investment
b. marginal propensity to consume
Economics
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From the economic point of view, why might a sophomore in college spend a great deal of time getting to know an attractive classmate rather than getting to know the issues behind the president's deficit-reduction policies?
A) She is selfish. B) She considers it a more productive use of her time. C) She obviously has no interest in politics. D) The federal budget deficit cannot possibly affect her life.
Economics
Which of the following is NOT an assumption of perfect competition?
A) many firms B) many buyers C) restrictions on entry into the market D) each firm sells an identical product
Economics