Identify the relevant economic concept which can be matched to each of the descriptions below. Simply give the question number and the relevant terms/words in each case. Q.1.1 A measure used to control the physical level of imports allowed into a country. (2) Q.1.2 Aggregate income of all permanent residents of a country. (2) Q.1.3 A situation where merchandise exports are greater than merchandise imports. (2)
Identify the relevant economic concept which can be matched to each of the descriptions below. Simply give the question number and the relevant terms/words in each case. Q.1.1 A measure used to control the physical level of imports allowed into a country. (2) Q.1.2 Aggregate income of all permanent residents of a country. (2) Q.1.3 A situation where merchandise exports are greater than merchandise imports. (2)
Chapter18: International Trade And Finance
Section: Chapter Questions
Problem 6SQP
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Question
Identify the relevant economic concept which can be matched to each of the descriptions below. Simply give the question number and the relevant terms/words in each case.
Q.1.1
A measure used to control the physical level of imports allowed into a country.
(2)
Q.1.2
Aggregate income of all permanent residents of a country.
(2)
Q.1.3
A situation where merchandise exports are greater than merchandise imports.
(2)
Q.1.4
The ratio between the change in income and the change in autonomous spending.
(2)
Q.1.5
Household spending that is determined by the level of output and income together with the marginal propensity to consume
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