"Housing starts" is __________ indicator
A) a leading
B) a coincident
C) a lagging
D) an inconsistent
A
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Credit cards are not part of the nation's money supply
Indicate whether the statement is true or false
If a surplus exists in the market for swimwear, an economist would predict that
a. the price of swimwear will rise b. producers will increase the production of swimwear c. the supply of swimwear will increase d. the price of swimwear at retail outlets will begin to fall e. buyers will react to the surplus by increasing their demand for swimwear
In conceptual production functions, technological change is
A. not considered and is therefore assumed to be constant in all deliberations. B. treated like an addition to the capital stock. C. a factor that eliminates diminishing returns to a production function. D. treated as a movement upward along a given production function.
Refer to the graphs and information below. The assumption made about the domestic production opportunity costs in both countries is that they are:
Suppose the world economy is composed of just two countries: Italy and Greece. Each can produce steel or chemicals, but at different levels of economic efficiency. The production possibilities curves for the two countries are shown in the graphs below.
A. Constant
B. Variable
C. Increasing
D. Decreasing