Examlex
"A tariff should be imposed on Chinese shirts because they are being sold in the United States below their cost of production." Which argument for trade barriers is used in this example?
Disposable Income
Net resources for spending and saving available to households after subtracting income taxes.
MPC
MPC, or Marginal Propensity to Consume, is the proportion of additional income that an individual spends on consumption.
APC
Average Propensity to Consume, the fraction of income that households spend on consumption as opposed to saving.
MPS
An acronym that can stand for multiple financial and economic terms, such as Marginal Propensity to Save, which indicates the fraction of additional income that a household saves.
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