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

Author Question: Assume that an increase of 300 in exports leads to an increase of 750 in equilibrium income. If the ... (Read 78 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
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
Answer to Question 1

d

Answer to Question 2

b




rlane42

  • Member
  • Posts: 594
Reply 2 on: Jun 30, 2018
Excellent


okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

For a complete list of videos, visit our video library