If the marginal propensity of consume MPC is 0.75 the value of the multiplier is ?
If the marginal propensity of consume MPC is 0.75 the value of the multiplier is ?
A. 4
B. 7.5
C. 5
D. 0.75
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The demand for money represents the idea that there is ?
The demand for money represents the idea that there is ?A. a positive relationship between the interest rate and the quantity of money demanded
B. a negative relationship between the price level and the quantity of money demanded
C. a negative relationship between the level of aggregate output and the quantity of money demanded
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What is Baran’s explanation for underdevelopment in Asia, Africa, and Latin America ?A. monopolistic business from abroad
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C. weak domestic middle class
D. All of the aboveThe balance on current account ?
The balance on current account ?I- equals the absolute value of the balance on capital account
II- is financed by savings
III- is net grants minus remittances
IV- includes goods services and unilateral transfers
A. I and II only
B. II and III only
C. I and IV only
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B. Joint venturing
C. Licensing
D. Direct investmentG. MecDougall showed in his tests that ?
G. MecDougall showed in his tests that ?A. relatively higher U.S labor productivity was associated with relatively higher U.K export ratios
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D. None of the aboveWhich is the largest cotton producing country in the world ?
Which is the largest cotton producing country in the world ?A. India
B. Egypt
C. China
D. USA