This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Other things equal, a marginal propensity to import of 0.8 implies that a 100 million increase in ... (Read 45 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Other things equal, a marginal propensity to import of 0.8 implies that a 100 million increase in domestic income will lead to an 80 million decrease in net exports.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The opportunity cost of an airplane flight:
 a. differs across passengers only to the extent that each traveler pays a different airfare.
 b. is identical for all passengers and equal to the number of hours a particular flight takes.
 c. differs across passengers to the extent that both airfares paid and the highest valued use of travel time vary.
  d. is equal to the cost of a bus ticket, the next best form of alternative transportation to flying.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt95

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


charchew

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

President-elect Barack Obama 150 million tiny carbon nanotubes President-elect Barack Obama 150 million tiny carbon nanotubes
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
Living things vs non living things Living things vs non living things
Video: Methods that regulate pH

For a complete list of videos, visit our video library