Author Question: In Figure 11.3, if the MPS is 0.25 and the distance between points C0 and C1 is 200, then the ... (Read 49 times)

karen · **on:** Jun 30, 2018

In Figure 11.3, if the MPS is 0.25 and the distance between points C0 and C1 is 200, then the distance between points y0 and y1 must be

A) 50. B) 200. C) 400. D) 800.

Question 2

Refer to the scenario above. Recently, the government has imposed a tariff on the import of some cash crops. Which of the following is likely to happen in this case?

A) The domestic consumers of these crops will be better off.
B) The government's revenue is expected to fall.
C) The volume of imports is likely to increase.
D) The domestic producers of these crops will be better off.