Refer to the information provided in Table 23.8 below to answer the question(s) that follow. Table 23.8
Refer to Table 23.8. The MPC in this economy is
A. 0.5.
B. 0.6.
C. 0.7.
D. 0.8.
Answer: D
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Use the following graph to answer the next question.
It depicts an economy in the ________.
A. current year B. short run C. current month D. long run
Limits on the quantity of a foreign good that can be imported into the domestic market are
A. import capacity limits. B. import quotas. C. tariffs. D. export quotas.
Graph How many cars (in thousands) will this country import in a trading (open) economy situation?
a. 20 b. 40 c. 60 d. 80
Which of the following aspects of global change benefitted people at the higher end of the income scale in the U.S?
A. The increase in U.S. imports from the rest of the world B. The increase in the level of foreign investment in the U.S. C. The movement of global capital D. The fall in global oil prices