In a certain economy, when income is $100, consumer spending is $60 . The value of the multiplier for this economy is 4 . It follows that, when income is $101, consumer spending is

Force that encourages people to start businesses and attempt to improve their material well-being

a. profit motive b. capitalism c. consumer sovereignty d. voluntary exchange

If Happy Campers advertises a 120 day low-price guarantee that will refund any of its customers the difference between the price they paid for a camper and a lower price offered by Happy Campers for the same camper, this is an example of ________.

A) price visibility B) a meet-or-release clause C) a meet-the-competition clause D) a most-favored-customer clause