The Marginal Propensity to Consume (MPC)is Defined as the Fraction

question 120

Multiple Choice

The marginal propensity to consume (MPC) is defined as the fraction of

• A)extra income that a household consumes rather than saves.
• B)extra income that a household either consumes or saves.
• C)total income that a household consumes rather than saves.
• D)total income that a household either consumes or saves.

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Definitions:

Total Allowable Catch (TAC)

A fishery management tool that sets a limit on the amount of a particular fish species that can be caught over a specified time period.

Catch Size

The quantity of fish or any other marine species that is caught within a particular period.

Resource Use

The way in which human societies utilize natural resources to fulfill their needs and wants.