Tag: characteristics, necessity, importance, advantages and disadvantages of foreign trade

Quizzes (0) Questions (21)

Questions Related to characteristics, necessity, importance, advantages and disadvantages of foreign trade

Multiple choice commerce nature and scope of foreign trade characteristics, necessity, importance, advantages and disadvantages of foreign trade importance, scope and benefits of international trade trading and economic organisations

Initial Investment leads to a large increase in income and expenditure, due to ___________.

  1. fiscal deficit

  2. multiplier effect

  3. giffen effect

  4. veblen effect
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The multiplier effect in economics describes how an initial injection of investment leads to a larger final increase in national income.