The North American Free Trade Agreement is an example of

A) a beggar-thy-neighbor trade policy.
B) a preferential trade arrangement.
C) a multinational quota system.
D) a general agreement on tariffs and trade.

B

Economics

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If disposable income increases by $5 billion and consumer spending increases by $4 billion, the marginal propensity to consume equals:

A. 20. B. 0.8. C. 9. D. 1.25.

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The development of a low-cost synthetic fuel is expected to cause a decrease in the price of oil

a. True b. False Indicate whether the statement is true or false

Economics