Which of the following statements concerning the effects of demographics on consumption is not true?
a. The size of the population affects the slope of the consumption function.
b. The age of the population affects the slope of the consumption function.
c. Other things equal, the level of consumption will rise with increases in population.
d. Younger households tend to have higher MPCs than older households.
e. Older households tend to have higher MPSs than younger households.
a
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Why might it be in the direct economic interest of the United States to finance rain forest conservation programs in the Amazon?
What will be an ideal response?
International trade on the basis of comparative advantage maximizes world output and allows consumers to access better-quality products at lower prices than would be available in the domestic market alone
a. True b. False Indicate whether the statement is true or false