Suppose the Simple Multiplier Is 10

question 40

Multiple Choice

Suppose the simple multiplier is 10.What is the marginal propensity to save?  

• A) 1/10 
• B) 1/9 
• C) 10/9 
• D) 9

Identify the circumstances under which a contract can be rescinded or set aside.

Recognize the difference between void and voidable contracts.

Grasp the implications of mutual mistake and its effect on contract validity.

Understand the role of independent legal advice in preventing undue influence claims.

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Definitions:

Grossly Negligent

Showing a severe lack of care or deliberation that results in blatant disregard for the safety or rights of others, often leading to extreme harm or risk.

Jeweller

A person or entity engaged in the business of selling and sometimes manufacturing jewelry.

Commercial Aircraft

Airplanes designated for carrying passengers or cargo as part of a business for profit, excluding military or private aircraft.

Flight Attendant

An airline employee responsible for ensuring the safety, comfort, and needs of passengers during a flight.