Consider an Open Economy That Has a Marginal Propensity to Import

question 64

Multiple Choice

Consider an open economy that has a marginal propensity to import equal to 0.30.If national income rises by $2500,imports will rise by

• A)$30.
• B)$300.
• C)$750.
• D)$7500.
• E)$8333.

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Definitions:

2,6-heptanedione

An organic compound characterized by a seven-carbon chain with ketone groups located at the second and sixth carbons.

Crossed Aldol Reaction

An aldol reaction where two different aldehydes or ketones are combined in the presence of a base or acid to produce a β-hydroxy aldehyde or ketone.

Self-aldol Condensation

A reaction where an aldehyde or ketone undergoes condensation with itself in the presence of a base to form a β-hydroxycarbonyl compound (an aldol) or a dehydrated version thereof.

Predict Outcome

The process of forecasting or determining the probable results or consequences of a chemical reaction or experiment.