The marginal propensity to consume is the proportion of each new dollar's worth of income that is spent

A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $12,000 two years from today. Of the following interest rates, which is the highest one at which Harry would be better off paying the money today?

a. 4 percent b. 6 percent c. 9 percent d. 11 percent

Refer to the four graphs below. Select the graph that best shows the changes in demand and supply in the market specified in the following situation: In the market for beef, if a new diet fad favoring beef consumption becomes hugely popular, while cattle

producers see steeply rising costs of cattle feed.



A. Graph A
B. Graph B
C. Graph C
D. Graph D