Pick the producer who would come closest to operating in a perfectly competitive environment

A) Grim, the mortician
B) Green, the barley farmer
C) Gristle, the butcher
D) Grippe, the doctor

B

Economics

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In the U.S. economy, a large portion of investment decisions are made by

A. households. B. the private sector. C. the public sector. D. international organizations.

Economics

The marginal propensity to consume:

A. is closely linked to the multiplier effect of government spending. B. is the amount by which consumption increases when after-tax income increases by $1. C. is a value between 0 and 1. D. All of these are true.

Economics