A) It became linear.
B) It shifted down.
C) It shifted up.
D) It became flatter.
Refer to the above table (figures in billions). Between 2016 and 2017 real GDP
A. increased by $360.5 billion.
B. increased by $176.17 billion.
C. increased by $1.76 billion.
D. increased by $191.7 billion.
Answer: B
Economics
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One of the reasons communism failed was because:
a. governments ran out of money. b. workers received the same pay whether or not they worked hard. c. there was no unemployment. d. Mao Zedong passed away. e. technological improvements were impossible in a communist economy.
Economics
In the early 1900s, Henry Ford revolutionized the automotive manufacturing industry by instituting the assembly line. What impact did the assembly line method for producing automobiles have on the per-worker production function for Ford?
Economics
The marginal rate of substitution measures
A. the changes in marginal utility along the indifference curve. B. the impact of product substitution. C. the consumer's willingness to substitute one product for another so that marginal utility will remain unchanged. D. the consumer's willingness to substitute one product for another so that total utility will remain unchanged.
Economics
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.
Economics