If There Are No Taxes or Imports and MPC =

question 147

Multiple Choice

If there are no taxes or imports and MPC = 0.67, the multiplier is

• A) 6.
• B) 1.5.
• C) 0.33.
• D) 3.

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Definitions:

Overpopulation

A situation where the number of people exceeds the capacity of the environment to support life at a decent standard of living.

Scarcity Of Land

The limited availability of land resources relative to demand, often leading to competition and increased value.

Welfare Systems

Government programs designed to support the well-being of the population by providing assistance for those unable to support themselves financially or otherwise.

Blue-collar Work

Jobs involving manual labor or skilled trades, typically requiring physical effort and not traditionally office-based.