Attempting to Pick an Empty Pocket Would Be an Example

question 19

Multiple Choice

Attempting to pick an empty pocket would be an example of which kind of impossibility? ​

• A)Legal
• B)Factual
• C)Imminent
• D)Contingent

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Definitions:

Marginal Propensity

The ratio of the change in an economic variable (such as consumption spending) to the change in another variable (such as income).

Planned Investment

Expenditures on capital goods by firms, intended to increase their future production capacity.

Marginal Propensity

The fraction of an additional amount of income that is spent on consumption.

Aggregate Expenditure

The total amount spent on national-level goods and services in an economy.