2013
Economics
POST UTME
Which of the following statements is true?
A.
Disposable income is the only variable that determines consumption
B.
Investment spending is positively related to the rate of interest
C.
imports lead to a decrease in the level of exports
D.
Imports lead to a decrease in spending on locally produced goods and services.
Correct Answer: Imports lead to a decrease in spending on locally produced goods and services.
Explanation
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