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Author Question: Adam Smith was an advocate of: a. mercantilism. b. a nation maximizing its stock of gold. c. ... (Read 120 times)

formula1

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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

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

c

Answer to Question 2

c


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