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Author Question: Adam Smith believed that the goal of economic activity is to amass wealth in the form of gold, and ... (Read 100 times)

Kikoku

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on: Jun 30, 2018
Adam Smith believed that the goal of economic activity is to amass wealth in the form of gold, and that this could best be accomplished through government carefully using tariffs and quotas to fashion favorable terms of trade with its trading partners.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Assume the economy is in recession, the MPC is 0.80, and an increase of 200 billion in spending is needed in order to reach full employment. The target can be reached if government spending is increased by:
 a. 20 billion.
  b. 200 billion.
  c. 80 billion.
  d. 40 billion.


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ryansturges

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


Kikoku

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

AmberC1996

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Reply 3 on: Yesterday
Excellent

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