This topic contains a solution. Click here to go to the answer

Author Question: If German imports of French products are very important in determining the volume of German exports ... (Read 112 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
If German imports of French products are very important in determining the volume of German exports to France, we would expect the actual German spending multiplier to be larger than 1/(marginal propensity to save + marginal propensity to import).
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Assuming that Chinese food and Thai food are substitutes, if P. F. Chang's Chinese Restaurant reduces its prices:
 a. the sales of the nearby Bahn Thai restaurant will increase.
 b. demand for meals at P. F. Chang's will increase.
 c. the demand for meals at the Bahn Thai restaurant will decrease.
  d. the quantity of food demanded from P. F. Chang's will decrease.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

True

Answer to Question 2

c




geoffrey

  • Member
  • Posts: 880
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

For a complete list of videos, visit our video library