Japan imposes a $300 per ton tariff on imported steel, raising the price charged in Japan to $1,000 . Using only this information, which of the following statements is correct?
a. The world price for steel is $300.
b. The world price for steel is $700.
c. The world price for steel is $1,000.
d. The world price for steel is $1,300.
b
Economics
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The marginal propensity to save is:
a. the change in saving induced by a change in consumption. b. (change in S) / (change in Y). c. 1 ? MPC / MPC. d. (change in Y ? bY) / (change in Y). e. 1 ? MPC.
Economics
It is possible for a country to have domestic investment that exceeds national saving
a. True b. False Indicate whether the statement is true or false
Economics