When a nation totally bans trade with another country, it is ...

[nelaaney]

When a nation totally bans trade with another country, it is imposing a(n):
 a. tariff. b. embargo.
  c. quota. d. none of these.

Question 2

The consumption function has a slope less than one because:
 a. as disposable income increases, the real rate of interest will decline.
  b. saving and consumption are equal at all levels of income.
  c. as disposable income increases, consumption expenditures increase by an amount less than the increase in income.
  d. as disposable income increases, consumption expenditures increase by an amount greater than the increase in income.

[Tabitha_2016]

Answer to Question 1

b

Answer to Question 2

c

[nelaaney]

Great answer, keep it coming

[Kedrick2014]

Thanks for the timely response, appreciate it