Adam Smith was an advocate of: a. mercantilism. b. a nation maximizing its stock of gold. c. ...

Author Question: Adam Smith was an advocate of: a. mercantilism. b. a nation maximizing its stock of gold. c. ... (Read 63 times)

formula1

Hero Member
Posts: 666

on: Jun 30, 2018

Adam Smith was an advocate of:
a. mercantilism. b. a nation maximizing its stock of gold.
c. unrestricted or free trade. d. the visible hand of public interest.

Question 2

If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:
a. 5.
b. 1.
c. 2.
d. 5.

iman

Sr. Member
Posts: 334

Reply #1 on: Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

c

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