Author Question: Adam Smith was an advocate of: a. mercantilism. b. a nation maximizing its stock of gold. c. ... (Read 113 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
Adam Smith was an advocate of:
 a. mercantilism. b. a nation maximizing its stock of gold.
  c. unrestricted or free trade. d. the visible hand of public interest.

Question 2

If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:
 a. 5.
  b. 1.
  c. 2.
  d. 5.



iman

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

c

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

For a complete list of videos, visit our video library