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Why does the import function slope down? What is the marginal propensity to import?
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- Which of the following is an example of an expenditure-increasing policy? a. a decrease in import quotas b. an increase in the money supply c. an increase in import tariffs d. higher income taxesWhich of the following could be a cause for imports not decreasing despite policy measures taken? Select One: a) Imports constitute consumer goods b) Demand is elastic c) Goods are luxuries d) Imports constitutes capital goods e) Export demand is inelasticHow does investment as defined by economists differ from investment as defifined by the general public? What would happen to the amount of investment made today if firms expected the future returns to such investment to be very low? What if firms expected future returns to be very high?
- Use the AE model to explain and show the impact of an autonomous fall in the value of goods exported to China by Australia. (You can assume the fall is constant across all levels of real GDP). Be sure to discuss in detail, the process by which this fall is transmitted through the economy. Now after this fall in exports is worked through, explain and show the impact of an autonomous fall (of lesser magnitude than for exports) in the value of goods imported by Australia from China. (You can assume, as before, that the size of the fall is constant across all levels of real GDP). Again, be sure to discuss in detail, the process by which this fall is transmitted through the economy.What is the marginal propensity to consume, and how is it related to the marginal propensity to import?consider that there is a decrease in the investment demand. Analyze and graph its effects on: 1- Exports. 2- Capital transfers.
- What is J-curve? Explain the behavior of net exports represented by the J curve.In an economy with lump-sum taxes and no international trade, if the marginal propensity to consume is 0.8, which of the following is true? A. When consumption increases by RM5, investment increases by a maximum of RM1. B. When consumption increases by RM5, savings increase by a maximum of RM1. C. When investment increases by RM1, income increases by a maximum of RM5. D. When investment increases by RM1, consumption increases by a maximum of RM5.Assume a country would like to increase investment by limiting consumption. What would be the point of a policy like that? What would be the impact on the economy? Who would benefit? Who would lose out?
- Draw a diagram and illustrate the effects of the following on the net exports function for the United States: a. The French government imposes restrictions on French imports of U.S. goods. b. The U.S. national income rises. c. Foreign income falls. d. The dollar depreciates on the foreign exchange market.Show the derivation of the foreign trade multiplier and calculate the foreign trade multiplier in an economy with a consumption function of C = 60 + 0.4Y and an import function of M = M0 + 0.2Y?The italian economy can be characterized by equation below Equation C = 300 + 0.8Yd G = 400 T = 200 I = 200 Refer to equation the equilibrium level of output for the italian economy is Select one: $3,145 $3,800 $3,700 $2,850
