Refer to the given data. At the $100 level of income, the average propensity to save is:





A.  .10.

B.  .20.

C.  .25.

D.  .90.

A.  .10.

Economics

You might also like to view...

Since only a few firms dominate the oligopoly market, cutthroat competition does not exist

a. True b. False Indicate whether the statement is true or false

Economics

Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Country B has the ________ advantage in the production of tablets, which means they should specialize in ________.

A. comparative; iPods B. absolute; tablets C. absolute; iPods D. comparative; tablets

Economics