Import quotas have a negative impact on poor nations because they make it difficult for poor nations to
A. Receive foreign aid from rich nations.
B. Sell agricultural goods to each other.
C. Sell agricultural goods to rich nations.
D. Develop a pro-business environment.
Answer: C
Economics
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The mean (average) U.S. family income in 2012 was approximately
A) $15,000. B) $71,000. C) $51,000. D) $100,000.
Economics
If the marginal propensity to consume is 0.75 and investment spending decreases by $20 billion, what will be the overall effect on GDP?
a. GDP will decrease by $20 billion b. GDP will increase by $15 billion c. GDP will decrease by $80 billion d. GDP will decrease by $30 billion e. GDP will decrease by $26.7 billion
Economics