This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that an increase of 300 in exports leads to an increase of 750 in equilibrium income. If the ... (Read 47 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
on: Jun 30, 2018
Assume that an increase of 300 in exports leads to an increase of 750 in equilibrium income. If the marginal propensity to import equals 1/10, the marginal propensity to save must be _____.
 a. 0.60
  b. 0.50
  c. 0.40
  d. 0.30
  e. 0.25

Question 2

The law of demand illustrates a(n) ____ relationship between price and ____.
 a. direct; quantity demanded
  b. inverse; quantity demanded
  c. inverse; demand
 d. direct; demand


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joc

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


rlane42

  • Member
  • Posts: 594
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s
The More Things Change, The More They Say the Same: Dividing the Nation's Income The More Things Change, The More They Say the Same: Dividing the Nation's Income
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ... What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ...
Video: Definition of heart rate

For a complete list of videos, visit our video library