In the above figure, the opportunity cost of moving from producing 50 guitars and 50 ukuleles to producing 25 guitars and 75 ukuleles is

The above table has data on the consumption function in the nation of Mojo

a. What is the amount of autonomous consumption expenditure? b. What is the marginal propensity to consume?

Economic status tends to be passed on from one generation to the next _____

a. regardless of the monetary wealth that is transmitted from parents to children b. because of the monetary wealth that is transmitted from parents to children c. in nearly all societies d. a and c