If the Marginal Propensity to Consume Is 0

question 60

Multiple Choice

If the marginal propensity to consume is 0.8 and marginal propensity to import is 0.3, then the multiplier in an open economy is:

• A) .9.
• B) 2.
• C) 5.
• D) 3.3.

Understand the role of independent contractors in business.

Grasp the concept of startup costs and financial planning for new businesses.

Understand the process of turning hobbies into viable businesses.

Appreciate the importance of research and intuition in identifying business opportunities.

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Definitions:

Grape Juice

A beverage made by crushing and juicing grapes, often consumed for its flavor and health benefits.

Nutrients

Substances necessary for growth, health, and good condition, which are obtained from food and used by our body to maintain and perform various functions.

Meal Replacements

Nutritionally balanced products designed to substitute one or more daily meals to support weight management or nutritional intake.

DASH Food Plan

Dietary Approaches to Stop Hypertension; a diet plan focused on reducing blood pressure through dietary choices rich in fruits, vegetables, and low-fat dairy products.