If the MPC in an Economy Is

question 109

Multiple Choice

If the MPC in an economy is .75, a $1 billion increase in taxes will reduce the GDP by:

• A)$1 billion.
• B)$.75 billion.
• C)$3 billion.
• D)$4 billion.

Recognize the legal rights and duties inherent in the principal-agent relationship.

Differentiate between an agent, an independent contractor, and an employee.

Interpret the role and significance of control in determining an employment relationship.

Acknowledge the fiduciary duties and responsibilities of an agent to the principal.