If the marginal propensity to consume (MPC) in your classmate's nation is 3/5 and the marginal propensity to save (MPS) in your country is 1/10, which of the following must be true?
a. The spending multiplier is larger in your classmate's nation than in your country.
b. The spending multiplier is smaller in your classmate's nation than in your country.
c. Autonomous consumption is higher in your classmate's nation than in your country.
d. Autonomous consumption is lower in your classmate's nation than in your country.
e. Total consumption is lower in your classmate's nation than in your country.
b
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Sellers who charge different prices to different customers can increase their net revenue
A) by forcing some customers to pay more for the product than it is worth to them. B) by getting high-price customers in effect to subsidize sales to low-price customers. C) if the demand of some customers for the product enables the sellers to build volume by selling at prices below marginal cost. D) if they can prevent customers from reselling to one another.
Comparative advantage is always a(n) ________ concept
A) absolute B) efficiency C) relative D) monetary