Penny and Theodore Comprise a Scheme Whereby Penny Will Send

question 23

Multiple Choice

Penny and Theodore comprise a scheme whereby Penny will send information to Theodore in regards to the moves her telecommunications company is making when she learns about it in their company's internal strategy meeting so he can make a better stock trade. This is known as ________.

• A) insider trading
• B) cramming
• C) embezzlement
• D) false token
• E) check kiting

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Definitions:

National Output

National output is the total value of services and goods produced by a country's economy over a specified period of time, essentially synonymous with Gross Domestic Product (GDP).

Saving Function

As income rises, saving rises, but not as quickly.

MPC (Marginal Propensity To Consume)

The proportion of an increase in income that a consumer spends on additional goods and services, rather than saving.

MPC (Marginal Propensity To Consume)

The proportion of an additional income that an individual tends to spend on consumption rather than saving.