Acetylene Is Commercially Useful as a Fuel for Torches and as

question 7

Multiple Choice

Acetylene is commercially useful as a fuel for torches and as

• A)a starting material for plastics.
• B)an industrial solvent.
• C)an ingredient in pesticides.
• D)a component in paint formulations.

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Definitions:

APS

The Average Propensity to Save, which is the proportion of income that households save rather than consume.

MPC

The marginal propensity to consume, which is the portion of additional income that a consumer spends on goods and services.

Consumption

The total value of goods and services consumed by households and businesses.

APC

Average Propensity to Consume, the fraction of total disposable income that households plan to spend on consumption as opposed to saving.