The Marginal Propensity to Save Is Defined As

question 60

Multiple Choice

The marginal propensity to save is defined as:

• A)ΔC/ΔYd.
• B)ΔS/ΔYd.
• C)ΔYd/ΔC.
• D)ΔYd/ΔS.

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Definitions:

Principal-Agent Problem

A dilemma in economics where one party (the agent) is expected to act in the best interest of another party (the principal) but may have a conflict of interest.

Paired-Choice Votes

Paired-choice votes involve voters making choices between pairs of candidates or options rather than voting for a single option amongst many.

Marginal Benefit

The incremental gain in happiness or utility a consumer achieves from purchasing an additional unit of a good or service.

Vote Trading

The practice of exchanging votes between members in different districts or on different issues to achieve a desirable outcome for all involved parties.