We will generally observe that the more open an economy
A) the larger the effect of fiscal policy on output and the larger the effect of fiscal policy on the trade position.
B) the larger the effect of fiscal policy on output and the smaller the effect of fiscal policy on the trade position.
C) the smaller the effect of fiscal policy on output and the larger the effect of fiscal policy on the trade position.
D) the smaller the effect of fiscal policy on output and the smaller the effect of fiscal policy on the trade position.
Question 2
Disposable income equals
A) income minus saving.
B) income minus both saving and taxes.
C) consumption minus taxes.
D) the sum of consumption and saving.
E) none of the above
A hypothetical example of the bottleneck effect.
The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha
The Greenhouse Effect
Effect of Landfall
Effect of Winds on Horizontal Transport
The Composition Effect