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Author Question: The marginal propensity to consume is calculated by A) dividing the change in income by the ... (Read 220 times)

jc611

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on: Jun 30, 2018
The marginal propensity to consume is calculated by
 
  A) dividing the change in income by the change in consumption.
  B) dividing income by consumption.
  C) dividing consumption by income.
  D) dividing the change in consumption by the change in income.

Question 2

Free trade
 
  A) helps economic growth by increasing tariffs.
  B) hurts economic growth because foreigners are not bound by the same patent laws as we are.
  C) helps economic growth by encouraging the sharing of technology and industrial ideas.
  D) hurts economic growth because foreign countries can produce goods with lower labor costs.


jessofishing

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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