The goal of the two large trade treaties that the U.S. was negotiating in 2016 with Pacific Rim countries and with Mexico was to
A. protect domestic workers.
B. reduce domestic employment.
C. encourage more global trade.
D. slow the growth of global trade.
Answer: C
Economics
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If consumption is defined as C = 2,400 + 0.9Y, then the marginal propensity to consume is 0.9
Indicate whether the statement is true or false
Economics
Refer to Table 7.1. In this simple economy, M1 equals
A) $2,500. B) $2,600. C) $4,800. D) $12,400.
Economics
The additional output produced by adding one more unit of an input is the:
A. marginal product. B. average product. C. total production. D. slope of the marginal product curve.
Economics
The difference between income and consumption is
a. rent b. profit c. saving d. opportunity cost e. roundabout consumption
Economics