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The Tiny Tots Toy Company manufactures only sleds. In 2016 Tiny Tots manufactured 10,000 sleds, but ...

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The Tiny Tots Toy Company manufactures only sleds. In 2016 Tiny Tots manufactured 10,000 sleds, but ...

Question 1.

If the marginal propensity to consume is 0.5, the marginal propensity to save is 0.5.

▸ true

▸ false

Question 2.

The Tiny Tots Toy Company manufactures only sleds. In 2016 Tiny Tots manufactured 10,000 sleds, but sold only 8,000 sleds. In 2016 Tiny Tots' change in inventory was

▸ -2,000 sleds.

▸ 1,000 sleds.

▸ 2,000 sleds.

▸ 3,000 sleds.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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