The formula to compute the spending multiplier is:

The increase in spending that occurs because domestic goods become cheaper relative to foreign goods when the price level falls is known as the

A) interest rate effect. B) price effect. C) international trade effect. D) wealth effect.

A good or service or a resource is excludable if

A) it is possible to prevent someone from enjoying its benefits. B) it is not possible to prevent someone from enjoying its benefits. C) its use by one person decreases the quantity available for someone else. D) its use by one person does not decrease the quantity available for someone else.