Keynes assumed consumption is
A) inversely related to the rate of interest.
B) directly related to disposable income.
C) directly related to investment.
D) less than disposable income.
E) both b and d
B
Economics
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A four-firm concentration ratio measures
A) the price elasticity of demand in an industry. B) the price elasticity of demand among the four largest firms in an industry. C) the extent to which industry sales are concentrated among the four largest firms in the industry. D) the number of firms in an industry.
Economics
Fred receives a $14,000.00 per year grant by the federal government because he is disabled. This is a
A) demerit good. B) transfer payment. C) non-rival good. D) free rider problem.
Economics