Define the terms of trade
What will be an ideal response?
The terms of trade represent the ratio at which a country can exchange domestic products for imported products.
Economics
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According to the absolute income hypothesis, the marginal propensity to consume
a. decreases as national income increases b. increases as national income increases c. is equal to one d. is constant as national income increases e. is equal to the marginal propensity to save
Economics
From the viewpoint of the individual investor, are stocks or bonds riskier? Explain
Economics