Which of the Following Is True About the Marginal Propensity

question 148

Multiple Choice

Which of the following is true about the marginal propensity to consume and the marginal propensity to import?

• A)The marginal propensity to import is typically smaller than the marginal propensity to consume because when income rises, not all goods we consume are imported.
• B)The marginal propensity to import is always larger than the marginal propensity to consume because when income rises, not all goods we consume are imported.
• C)The marginal propensity to import is always the same as the marginal propensity to consume because when income rises, not all goods we import are consumed.
• D)The sum of the marginal propensity to import and the marginal propensity to consume is always equal to one because when income rises, we either consume or import.
• E)The marginal propensity to import is sometimes larger and sometimes smaller than the marginal propensity to consume because when income rises, all goods we consume are imported.

Comprehend the concept of partial correlations and the removal of mediating variable effects.

Understand the coefficient of determination and its advantages over correlation coefficients.

Differentiate between positive and negative slopes in linear relationships.

Grasp the mathematical distinctions in calculations related to the Pearson correlation coefficient.

---

Definitions:

Rename

The action of changing the name of a file, folder, or other object in a computer system to something else.

Database Object

An entity in a database system used to store or reference data, such as tables, views, or procedures.

AutoCorrect Rules

Predefined or customizable rules in word processing programs that automatically correct spelling, grammar, and formatting errors as you type.

Backstage View

A Microsoft Office feature that offers access to file management tasks, settings, and information about the current document.