An improvement in technology will tend to cause a society's production possibilities curve to shift outward
a. True
b. False
Indicate whether the statement is true or false
True
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To create a new company data file in QuickBooks, use the:
a. Company menu > New Company b. Company section of the Home page > New Company c. File menu > Open or Copy Company d. File menu > New Company
General sources of shocks that can cause business cycles include the following, except:
A. Irregular occurrence of innovations and productivity changes B. Monetary factors and financial instability C. Unemployment jumps and production drops D. Political events, either domestic or global
Refer to Figure 6-9. The data in the diagram indicates that DVDs are
A) luxury goods. B) inelastic goods. C) necessities. D) both luxury goods and inelastic goods. E) both necessities and inelastic goods.
The prisoner's dilemma shows that
A) players are better off if they act independently. B) monopolies are beneficial to society. C) people will always cheat. D) players would be better off if they cooperated.