If Your MPS Is 0.60 That Means That

question 116

Multiple Choice

If your MPS is 0.60 that means that:

• A) for every dollar increase in your disposable income, consumption will decrease by 60 cents.
• B) for every dollar decrease in your disposable income, consumption will increase by 60 cents.
• C) for every dollar increase in your disposable income, consumption will increase by 60 cents.
• D) for every dollar increase in your disposable income, consumption will remain unchanged.

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Definitions:

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.

Culture

The cumulative deposit of knowledge, experience, beliefs, values, attitudes, meanings, hierarchies, religion, notions of time, roles, spatial relations, concepts of the universe, and material objects acquired by a group of people in the course of generations through individual and group striving.

Logical

Pertaining to clear, structured, and rational thinking or reasoning.

Regulatory Agencies

Government bodies responsible for enforcing laws and regulations to protect public interests in sectors such as healthcare, finance, and the environment.