In the above figure, x is
A) positively related to y and negatively related to z.
B) positively related to both y and z.
C) negatively related to y and positively related to z.
D) negatively related to both y and z.
C
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Compared to the natives of Northern America, ownership of private property rights was
(a) more common to the Europeans than it was to the natives (b) more common to the Indians than to the Europeans. (c) the same. (d) of no value to either group.
Assuming MPC is 0.90, what effect, if any, would an increase of $100 billion of U.S. exports have on the U.S. level of national income?
a. No effect since the goods would be consumed abroad b. National income increases by $100 billion c. National income decreases by $100 billion d. National income increases by $1,000 billion e. National income decreases by $1,000 billion