If the marginal propensity to consume foreign imports(MPC F) is equal to 0.15, then a(n):
a. increase in domestic consumption will generate a 15% rise in imports.
b. decrease in domestic consumption will generate a 15% rise in imports.
c. increase in domestic income will generate a 15% rise in imports.
d. decrease in domestic income will generate a 15% rise in imports.
Ans: c. increase in domestic income will generate a 15% rise in imports.
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Which of the following is a nonmarket good?
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