Division Requires That Each Nonzero Element Have A(n) __________ Inverse

question 17

Multiple Choice

Division requires that each nonzero element have a(n) __________ inverse.

• A)multiplicative
• B)divisional
• C)subtraction
• D)addition

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Definitions:

MPS

Marginal Propensity to Save, which is the proportion of an increase in income that is saved rather than spent on consumption.

Saving

The process of setting aside a portion of current income for future use, typically in the form of investments or deposit accounts.

Disposable Income

Economic latitude for households in spending and saving after the removal of income taxes.

APS

Automatic positioning system; however, in an economic context, it often refers to the Average Propensity to Save, indicating the proportion of income that is saved rather than spent.