If the marginal propensity to import is ________, then a 2 trillion increase in disposable income would increase import expenditure by 0.2 trillion.
If the marginal propensity to import is ________, then a 2 trillion increase in disposable income would increase import expenditure by 0.6 trillion.
A) 0.1; 0.3 B) 0.6; 2.0 C) 0.2; 0.6 D) 1.0; 3.0 E) 0.3; 0.1
Question 2
The United States switched from being a ________ to being a ________ in the early 1980s, when it started to run large current account ________.
A) net lender; net borrower; deficits
B) net borrower; net lender; deficits
C) net borrower; net lender; surpluses
D) debtor nation; creditor nation; deficits
E) net lender; net borrower; surpluses
China’s 8% annual increase in oil consumption
Laboratory mice demonstrate that genetic differences can have profound effects on the propensity to
Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
Atmospheric pressure decreases with increase in altitude.
Compression used to increase circulation when the athlete is clothed.
Construct a Lorenz curve that shows income distribution in this society.