The larger the marginal propensity to consume
What will be an ideal response?
the larger the multiplier.
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Approximately ________ people live in the United States and ________ people live in the world
A) 210 million; 5 billion B) 310 million; 7 billion C) 210 million; 6 billion D) 410 million; 8 billion E) 310 million; 3 billion
A good in the U.S. costs $20 . The same good costs 150 pesos in Mexico. If the nominal exchange rate is 10 pesos per dollar, what is the real exchange rate?
a. 4/3 so the good is more expensive in the U.S. b. 4/3 so the good is more expensive in Mexico c. 3/4 so the good is more expensive in the U.S. d. 3/4 so the good is more expensive in Mexico
A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be an ongoing expense of the business?
A. The cost of the gasoline used B. The cost of ice cream scoopers C. The cost of the truck D. None of these is an ongoing expense.
If a country’s workers can produce 10 hamburgers per hour or 5 bags of French fries per hour. If there is no trade, the price of 1 bag of fries is 2 hamburgers.
Answer the following statement true (T) or false (F)