If trade is mutually beneficial, then increasing trade
A. Reduces income for workers in export industries.
B. Makes countries less interdependent.
C. Leads to increased output in export industries.
D. Increases the welfare of producers that compete with importers.
Answer: C
Economics
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The quantity theory of money asserts that inflation is the result of growth in
A) the quantity of money. B) potential GDP. C) the natural rate of unemployment. D) money wage rates.
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If income in Austria decreases by 30 million euros and consumption decreases by 24 euros, then the MPC equals
a. 0.90. b. 0.80. c. 0.60 d. ?0.60.
Economics