Which of the Following Changes in Disposable Income Would Lead

question 125

Multiple Choice

Which of the following changes in disposable income would lead to the greatest increase in consumption?

• A)a $20 000 increase in disposable income, if MPC equals 0.5
• B)a $15 000 increase in disposable income, if MPC equals 0.6
• C)a $12 000 increase in disposable income, if MPC equals 0.75
• D)a $30 000 increase in disposable income, if MPC equals 0.25

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Definitions:

Tiktaalik

An extinct genus of fish-like tetrapods that provides insight into the evolutionary transition from water to land animals.

Synapomorphy

A characteristic or feature that is shared by two or more taxa and is presumed to have been present in their most recent common ancestor, used in establishing evolutionary relationships.

Phylogeny

The study of the evolutionary history and relationships among individuals or groups of organisms.

Veins

Blood vessels that carry deoxygenated blood towards the heart, except for the pulmonary and umbilical veins.