Suppose the overall MPC is 0.9. If a $2 billion increase in imports to the United States will lead to a $10 billion decrease in GDP, the value of the marginal propensity to import must be
A) 0.1. B) 0.2. C) 0.5. D) 0.8.
A
You might also like to view...
The U.S. government uses discount rates that lead to consistent outcomes.
A. True B. False C. Uncertain
It takes Heather 1 hour to change the oil in the car and 20 minutes to do the dishes. It takes Zach 1.5 hours to change the oil in the car. For Zach to have a comparative advantage changing the oil it must take him more than ______ minutes to do the dishes
Fill in the blank(s) with correct word
Refer to the above figure. Between points f and g, the opportunity cost of producing 75 more bushels of wheat is
A. 4 bushels of beans. B. 100 bushels of beans. C. 1 bushel of beans. D. 25 bushels of beans.
The long-run equilibrium for a monopolistically competitive firm is efficient because its produces where MR = MC.
Answer the following statement true (T) or false (F)