The two factors that determine the size of the multiplier are the
A. unemployment rate and the inflation rate.
B. marginal propensity to consume and the amount of overseas leakage.
C. amount of imports and the amount of exports.
D. amount of spending and the number of jobs.
Answer: B
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The balance of payments constraint refers to the limits on:
A. exchange rate policy imposed by flexible exchange rates. B. currency convertibility observed in most developing countries. C. domestic macroeconomic policy, arising from a shortage of international reserves. D. macroeconomic policy resulting from IMF conditionality.
Explain what an entrepreneur is and its function
What will be an ideal response?
A chain saw is an example of which of the following factors of production?
a. Land. b. Labor. c. Capital. d. None of these.
The supply curve for land is perfectly elastic
a. True b. False Indicate whether the statement is true or false