The larger the marginal propensity to consume
A) the smaller the multiplier is.
B) the larger the multiplier is.
C) the smaller autonomous consumption is.
D) the larger the marginal propensity to save is.
B
Economics
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Which statement is true?
A. The higher the concentration ratio, the higher the degree of oligopolization. B. The lower the concentration ratio, the higher the degree of oligopolization. C. The concentration ratio remains constant as the degree of oligopolization rises. D. There is no relationship between the concentration ratio and the degree of oligopolization.
Economics
Product differentiation that makes the product better for some consumers and worse for others is
A. horizontal differentiation. B. always welfare decreasing. C. vertical differentiation. D. never undertaken by firms.
Economics