John Maynard Keynes Believed That the Average Propensity to Consume

question 113

Multiple Choice

John Maynard Keynes believed that the average propensity to consume:

• A) was constant.
• B) increased as income increased.
• C) decreased as income increased.
• D) was less than the marginal propensity to consume.

---

Definitions:

Groundwater Contamination

Groundwater contamination occurs when pollutants, from sources like industrial waste, agricultural chemicals, or improper waste disposal, percolate into natural groundwater sources, making it unsafe for consumption and the environment.

Hazardous Waste

Waste that poses substantial or potential threats to public health or the environment due to its toxicity, chemical reactivity, flammability, or other characteristics.

Residential Wells

Small-scale water extraction facilities located on private property used primarily to supply water to individual homes or small communities.

Aquatic Ecosystem

A water-based environment, including oceans, rivers, lakes, and wetlands, where plants and animals interact with the physical and chemical features.