As Globalization Has Increased, the Trend in the U

question 102

Multiple Choice

As globalization has increased, the trend in the U.S. marginal propensity to import has been for it to

• A) decrease to less than 0.8.
• B) increase.
• C) remain steady.
• D) decrease to more than 0.8.

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Definitions:

Quantitative Terms

Relates to, measuring, or measured by the quantity of something rather than its quality.

Opportunity Cost

The cost of missing out on the next best alternative when making a decision or choice.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Benefit

An advantage or profit gained from something.