Which of the following will be most likely to cause the production possibilities curve for a country to shift inward?
a. an increase in the labor force
b. an increase in unemployment
c. development of an improved technological method of production
d. a decrease in the stock of physical capital
D
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Inventory reductions caused by strong demand are signals to retailers to order more products
a. True b. False Indicate whether the statement is true or false
Arlo is offered a job in Des Moines, where the CPI is 60, and a job in New York, where the CPI is 125 . Arlo's job offer in Des Moines is for $48,000 . How much does the New York job have to pay in order for the two salaries to represent the same purchasing power?
a. $23,040 b. $52,000 c. $79,200 d. $100,000
When did NAFTA go into effect?
What will be an ideal response?
The colluding oligopoly will face market demand and produce up until the point at which
A. marginal revenue and marginal cost are equal and price will be set above marginal cost. B. marginal revenue and marginal cost are equal and price will be set below marginal cost. C. price and marginal revenue are equal and price will be set below marginal cost. D. price and marginal cost are equal and price will be set equal to marginal cost.