An increase in the unemployment rate from 15 percent to 20 percent might be illustrated as:
a. a movement up and to the left from one point along the production possibilities curve to another.
b. a movement from a point on the production possibilities curve to an interior point
c. a movement from an interior point to a point on the production possibilities curve.
d. a movement from a point inside the production possibilities curve to one closer to the origin.
d
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When a tariff is imposed on a good, the ________ increases
A) domestic quantity purchased B) domestic quantity produced C) quantity imported D) quantity exported E) world price
Prejudice and discrimination are indistinguishable
Indicate whether the statement is true or false
Earning a doctorate in environmental economics is an example of
A. economic income. B. an investment in human capital. C. a Pareto good. D. a compensating differential.
Refer to the information provided in Figure 27.2 below to answer the question(s) that follow.
Figure 27.2Refer to Figure 27.2. Firms respond to an increase in government spending by mostly raising their prices when the aggregate demand curve shifts from
A. AD1 to AD2. B. AD3 to AD4. C. AD5 to AD6. D. AD6 to AD1.