Exhibit 23-1 Nation of Padia
?
Exhibit 23-1 shows the production possibility curve of the nation of Padia. Based only on this information, the point which would produce the highest rate of growth would be:
A. I
B. II
C. III
D. IV
Answer: A
You might also like to view...
_________ development reflects efforts to integrate social development, community development, and economic development:
a. Social capital b. Infrastructure c. Locality d. National e. Community economic
Reliance on expert opinion to predict consumer behavior has the advantage of being a relatively low cost approach to gathering information. In many situations, however, it is subject to several sources of bias that can undermine its reliability
Indicate whether the statement is true or false
If there is a shortage in a free market, then
A) consumers will offer to pay a lower price for the good, and the price will fall toward the equilibrium level. B) consumers will offer to pay a higher price for the good, and the price will rise toward the equilibrium level. C) suppliers will decrease their output to match demand. D) suppliers will accept any price below equilibrium.
An increase in the money supply should cause the expenditure schedule to shift upward
a. True b. False Indicate whether the statement is true or false