What is protection as it refers to international trade?
What will be an ideal response?
Protection is the practice of shielding a sector of the economy from foreign competition.
Economics
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If the marginal propensity to consume was 0.75, it would mean that:
A. $0.25 of an additional $1 of individuals' after-tax income is spent on consumption. B. $0.75 of an additional $1 of individuals' after-tax income is spent on consumption. C. $0.75 of an additional $1 of individuals' after-tax income is saved. D. None of these is true.
Economics
Which would be considered to be one of the factors that shift the aggregate supply curve? A change in:
A. consumer expectations on investment projects. B. consumer spending. C. government regulation. D. net export spending.
Economics