The effects of borrowing by the federal government would be studied by a microeconomist rather than a macroeconomist

If the multiplier in the economy is 3, the marginal propensity to save (MPS) must be

A) 3. B) 0.67. C) 0.33. D) 1.

Refer to the above table. If opportunity costs are constant, the two countries will gain from trade at a rate of exchange of

A) 0.1 computer for 1 bicycle. B) 5 computers for 1 bicycle. C) 1 computer for 1 bicycle. D) 8 bicycles for 1 computer.