What Is the Definition of "Marginal Propensity to Consume

question 49

Multiple Choice

What is the definition of "marginal propensity to consume"?

• A)the change in desired consumption divided by the change in saving that brought it about
• B)the change in desired consumption divided by total disposable income
• C)the change in desired consumption divided by the change in disposable income that brought it about
• D)total desired consumption divided by total disposable income
• E)total desired consumption divided by the change in disposable income that brought it about

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Definitions:

Task Difficulty

Task difficulty relates to the complexity and effort required to successfully complete a task or challenge.

Social Norms

Implicit or explicit rules that govern how individuals in a society are expected to behave in various situations.

Comparison With Other Cultures

The practice of examining similarities and differences among various cultural practices, values, and norms to understand human behavior and society.

Self-serving Bias

The tendency to attribute positive events to one's own character but attribute negative events to external factors.