If the marginal propensity to save (MPS) is 0.1, the multiplier will be
A) 0.1.
B) 1.
C) 5.
D) 10.
D) 10.
Economics
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Even if a market is not competitive, the firms in the market may behave competitively if
A. The market is regulated. B. There are economies of scale. C. Potential competition exists. D. A natural monopoly exists.
Economics
Inferior goods are also known as substitute goods.
Answer the following statement true (T) or false (F)
Economics