A technological advance would best be represented by
A. A movement from inside the production possibilities curve to a point on the production possibilities curve.
B. A movement from the production possibilities curve to a point inside the production possibilities curve.
C. A shift inward of the production possibilities curve.
D. A shift outward of the production possibilities curve.
Answer: D
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The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15.Number ofCar WashesPer MonthTotal MonthlyBenefit fromCar Washes0$01$202$363$484$565$60What's the average benefit of 4 car washes per month?
A. $12 B. $4 C. $14 D. $8
If net exports are positive
A) net foreign investment is also positive. B) net foreign investment is negative. C) capital inflows must be greater than capital outflows. D) Both A and B are correct.
Which of the following contributed to the financial crisis of 2008?
a. the housing price boom (2002-2005), followed by a housing price bust (2007-2008) b. a sharp reduction in stock prices in 2008 c. a sharp increase in the price of crude oil from January 2007 to mid-year 2008 d. all of the above
The cost of trash removal goes up, in part at least, because labor productivity in auto manufacturing goes up.
Answer the following statement true (T) or false (F)