Import substitution is a program promoting local production of products that would otherwise be imported.
a. true
b. false
a. true
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The required reserve ratio in an economy is 12.8 percent. If two banks, Bank A and Bank B, receive deposits of $25,000 and $37,500, respectively, then the value of the money multiplier in the economy is: a. 10.00. b. 12.50. c. 6.25
d. 8.00.
Which of the following is NOT a communication pattern?
a. chain b. circle c. wheel d. arc
The official poverty rate of the United States
A. is lowest today. B. was lowest in the late 1960s. C. has risen steadily since 1981. D. is higher today than at any other time in our history.
An increase in disposable income
A. decreases consumption because it shifts the consumption schedule downward. B. increases consumption because it shifts the consumption schedule upward. C. increases consumption by moving upward along a given consumption schedule. D. decreases consumption by moving downward along a given consumption schedule.