Which of the Following Terms Refers to the Practice by a Country

question 33

Multiple Choice

Which of the following terms refers to the practice by a country of rallying public opinion in favor of national goals and against foreign influences?

• A)nationalism
• B)privatization
• C)protectionism
• D)governmentalism

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Definitions:

Marginal Propensity to Consume

The proportion of an increase in income that an individual or population spends on goods and services as opposed to saving.

MPC

Stands for Marginal Propensity to Consume, which measures the portion of additional income that an individual spends on consumption.

Multiplier Value

A factor that quantifies the impact of a change in some economic activity on the rest of the economy.

MPC (Marginal Propensity to Consume)

A measure of the change in consumption resulting from a change in income; specifically, the proportion of additional income that is spent on consumption.