Evidence shows that children from poor communities typically have:
A. reduced opportunities to acquire human capital.
B. equal opportunities to acquire human capital, and choose to acquire more on average than others.
C. increased opportunities to acquire human capital.
D. equal opportunities to acquire human capital, but choose not to acquire as much on average than others.
Answer: A
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A increase in net exports
a. shifts the aggregate demand schedule upward b. shifts the aggregate demand schedule downward. c. does not shift the aggregate demand schedule. d. decreases saving.
In United States history there were long periods when most prices fell
a. True b. False Indicate whether the statement is true or false
If money income doubles and the prices of all goods triples, then the:
A. consumer is worse off due to inflation. B. budget line will shift out. C. consumer will buy more of normal goods. D. budget line remains unchanged.
Production possibility curves are upward-sloping because increased production of one good implies reduced production of another good.
Answer the following statement true (T) or false (F)