The marginal propensity to consume (MPC) is defined as the additional consumption that results from one dollar increase in disposable income. Bill’s disposable income goes from $100‚000 in 2001 to $200‚000 in 2002‚ and his consumption spending goes from $80‚000 in 2001 to $140‚000 in 2002. Which of the following statements about Bill is true? Bill’s MPC is equal to 0.6. Which of the following changes in disposable income would lead to the greatest increase in consumption? a $20‚000 increase
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gas increases by $.20 per gallon. d. People will consume more beef if the price increases from $1 to $2 per pound. 3. Joe and Ed go to a diner that sells hamburgers for $5 and hot dogs for $3. They agree to split the lunch bill evenly. Ed chooses a hot dog. The marginal cost to Joe then of ordering a hamburger instead of a hot dog is a. $1. b. $2. c. $2.50. d. $3. 4. The expression‚ “There’s no such thing as a free lunch‚” implies that a. everyone has to pay for his own lunch.
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Ethiopia as a Less Developed Country By: Danielle McGrady i. Ethiopia According to the United Nations Economic and Social Council‚ Ethiopia is considered one of the forty-eight least developed countries (LDC). The list of LDC are looked over every three years and this list was recently updated in March 2012. To be considered a least developed country‚ the Committee for Development takes into consideration these three factors: “ (A.) A per capita income criterion‚ based on a
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| Student Response | A. | a shortage that will increase spending. | B. | a shortage that will reduce spending. | C. | a surplus that will increase spending. | D. | a surplus that will reduce spending. | | Score: | 0.25/0.25 | | | 3. | QZ12013 | | Open-market purchases by the Fed make the money supply | | | Student Response | A. | increase‚ which makes the value of money increase. | B. | increase‚ which makes the value of money decrease. | C. | decrease‚ which makes
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Instructor: Practice Associate Professor Tan Swee Liang‚ School of Economics To Teach for Learning Content 1. Course Description.……………………………………………………………. 3 2. Class Participation 2.2. Guideline for Class Participation …….…………….…………….…. 7 2.1 Self Evaluation on Class Participation ……………………………… 8 3. Group Term Project 3.1 Guideline for Term Project …………….………………………….…. 9 3.2 Peer Evaluation ….……………………………………………………. 11 3.3 Team
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TEAM WEEKLY MODULE PROBLEM SET 2 Ryan Anderson‚ Erik Bare‚ Steven Kitchen‚ Daniel Stewart and Tamara Wogen Washington State University BA 503 Foundations In Business Law Kalvin N. Joshi‚ Esq.‚ J.D. NEGLIGENCE AND STRICT LIABILITY 1. What defense will Ragged Mountain probably assert? As the plaintiff voluntarily entered into a hazardous situation‚ aware of the inherent risk and danger involved‚ Ragged Mountain can assert the affirmative defense of
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ENVS 105 Question Set Section #3 Fall 2014 Answer the following questions for your homework. Work on the questions after we have covered the topic in class. Bring any questions to class or office hours. These questions will help you on the exam. If you do not do them‚ the points will add up and hurt your grade. To get credit‚ you must: Answer all questions Answer all parts of each question Type your answers Do complete and conscientious work Write out‚ number‚ and letter all questions Use regular
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The DVD videos have the words‚ their vocabulary‚ and are enhanced with the pleasure of music. The books that come with the set as well as the flash cards include words and images tied into the DVD progression‚ so the flash cards relate to a corresponding DVD. The idea is that while the DVD is in play‚ the cards‚ books‚ and music shore up the learning process. In order for the
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Get‚ Set‚ Style ! Long before the days of Lycra and spandex‚ ladies wore the height of fashion to cycle like Olympic record holder‚ Victoria Pendleton who wore a long-skirted white dress and tall bonnet trimmed with flowers. Women players wore corsets‚ painful and restricting‚ until 1925 when Suzanne Leglan wore a simple (and daring) one-piece cotton frock‚ without a petticoat or corset in sight. Stockings were discarded in 1929‚ and by 1939 tennis fashion became recognisably sportier and maybe
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ENVS 105 Question Set Section #1 Fall 2014 Answer the following questions for your homework. Work on the questions after we have covered the topic in class. Bring any questions to class or office hours. These questions will help you on the exam. If you do not do them‚ the points will add up and hurt your grade. To get credit‚ you must: Answer all questions Answer all parts of each question Type your answers Do complete and conscientious work Write out‚ number‚ and letter all questions Use regular
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