Author Question: Other things equal, an increase in the consumer confidence index tends to raise the average ... (Read 33 times)

bb · **on:** Jun 30, 2018

Other things equal, an increase in the consumer confidence index tends to raise the average propensity to consume.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The expression, There's no such thing as a free lunch implies that:
a. everyone has to pay for his/her own lunch.
b. the person consuming a good must always pay for it.
c. costs must be incurred when resources are used to produce goods and services.
d. no one has time for a good lunch anymore.