Answer: B
The marginal propensity to save will remain unchanged in each of the countries.
Explanation:
Marginal propensity to consume (MPC) is the percentage of increase or decrease in income that goes to consumption
Marginal propensity to save (MPS) is the percentage of increase or decrease in income that goes into savings. It can also be expressed as:
1 - MPC
Average propensity to save measures the level of saving at a given level of income.
The marginal propensity to save measures changes in savings relative to changes in income but the income remains unchanged here, the MPS also remains unchanged.
I think its all the above except for they might be trying to trick you because at sixteen a guardian or parent has to sign aswell.
Using the midpoint method, we know that the demand for candy bars is <u>a. inelastic</u>.
<u>Explanation</u>:
The demand is said to be inelastic when the demand for the goods and services does not change with the change in price.
When the price of the product increases and there is no reduction in the demand of the product is known as inelastic demand. The demand tends to be inelastic for the daily use and necessary goods and services.
Elasticity can be computed with the help of the midpoint method as it gives the result regardless of the direction of change.
Answer:
D
Explanation:
The Malthus theory states that population should be controlled because there are no enough resources to please the future needs. This is how it works: in the short-run there is a change in technology that leads to an increase in income. Because people have more income, better life standards, the birth rate increases and exceeds the death rate. In the long-run total income would have to be distributed between more people than before and the economy reaches the equilibrium again, in which the birth rate equals the death rate.
In other words, econmic success becomes a reproductive success.
Answer:
- <u>Members of teams with high cohesiveness feel higher loyalty to the team and have better job satisfaction.</u>
- <u>Teams with high cohesiveness are generally more productive due to the energizing effect of regular interaction among team members.</u>
Explanation:
Remember, cohesiveness looks at the degree to which team members <em>stick</em> together in times of difficulties.
Also cohesive teams are good communicators; they would involve in regular interactions among team members, an attitude which when applied to an organisation setting would increase the team's productivity.
