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Author Question: If a country's imports are very important in determining the volume of exports from its trading ... (Read 84 times)

mydiamond

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on: Jun 30, 2018
If a country's imports are very important in determining the volume of exports from its trading partners, then:
 a. the simple spending multiplier understates the true value of the multiplier.
  b. the spending multiplier will be equal to 1/marginal propensity to import.
  c. the simple spending multiplier is an accurate measure of the multiplier effect.
  d. the simple spending multiplier will be equal to 1/MPC
  e. the spending multiplier will be equal to 1/marginal propensity to save.

Question 2

The law of demand refers to the:
 a. negative relationship between the price of a good and the willingness of producers to sell it.
  b. price increase that results from an increase in demand.
 c. inverse relationship between the price of a good and the quantity demanded.
 d. increase in the quantity of a good made available when its price increases.


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livaneabi

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

a

Answer to Question 2

c


mydiamond

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Reply 2 on: Jun 30, 2018
Excellent

mcarey591

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Reply 3 on: Yesterday
:D TYSM

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