Suppose That a Keynesian Import Function Is Expressed as M

question 20

Multiple Choice

Suppose that a Keynesian import function is expressed as M = 20 + 0.25Y. With this Function,

• A) if income = 1,000, imports = 250.
• B) if income = 1,000, the average propensity to import is 0.27.
• C) the marginal propensity to import is greater at an income level of 1,000 than at an income level of 800.
• D) the average propensity to import is greater at an income level of 1,000 than at an income level of 800.

---

Definitions:

Intolerant

Showing an unwillingness or inability to accept and respect differing opinions or beliefs.

Visual-spatial Ability

The capacity to understand, reason, and remember the spatial relations among objects or space.

Verbal Ability

The capacity to use and understand language effectively, encompassing both spoken and written forms.

Rough-and-tumble Play

A form of play that involves physical activities such as running, jumping, and wrestling, but is not intended to be harmful.