On a bowed production possibilities frontier, as you move down along the curve
a. more of one good must be given up to receive one unit of the other good.
b. the available production technology does not change.
c. the opportunity cost increases.
d. All of the above are correct.
d
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Skills, talents, and abilities that people possess can be categorized best as:
a. Human resources b. Tangible resources c. Capital resources d. Financial resources
Which of the following statements describes what most likely occurred in this economy?
a. A decrease in consumer optimism shifted AD1 to AD2.
b. A recessionary gap resulted due to the shift from RGDPNR to RGDP2.
c. There was a temporary positive shock to demand-side forces.
d. Unemployment rose above the natural rate of unemployment.
Liberal and conservative economists agree more often on policy prescriptions than most noneconomists think they do.
Answer the following statement true (T) or false (F)
nswer the question on the basis of the given supply and demand data for wheat. Bushels Demanded Per MonthPrice Per BushelBushels Supplied Per Month45$57750473563686126167157 Equilibrium price will be
What will be an ideal response?