The Marginal Propensity to Import Is Defined as

question 23

Multiple Choice

The marginal propensity to import is defined as

• A)the fraction of each additional dollar of income that is spent on imported products
• B)the fraction of each additional dollar of income that is spent on exports minus imports
• C)the amount spent on imports at each level of income
• D)the change in income divided by the change in imports
• E)the level of imports divided by the level of income

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Definitions:

Ripe

In legal context, a matter that is ready for adjudication because all preliminary issues have been dealt with.

Legislative History

The recorded events, discussions, and documentation leading up to the passing of a law.

Investigative Committees

Groups or panels formed to examine and report on specific matters of concern, often within governmental or corporate contexts.

Olympic Airways v. Husain

A legal case in which the U.S. Supreme Court held that an airline could be liable for damages under the Warsaw Convention for failure to assist a passenger leading to the passenger's death.