The slope of a production possibilities curve is positive.
Answer the following statement true (T) or false (F)
False
The production possibilities curve will always be downward-sloping, but it may be constant or nonconstant.
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An increase in the currency drain ratio
A) decreases the monetary base. B) increases the quantity of money. C) increases bank reserves. D) does not change the amount of the monetary base. E) does not change the quantity of money.
The combinations of gasoline and coffee along one of Sam's indifference curves are combinations
A) which require the same total expenditure. B) that he can afford with his $60.00 income. C) among which he is "indifferent." D) that give him the same marginal rate of substitution.
The smaller the quantity and quality of complementary resources used in production,
a. the greater the demand for labor b. the greater the marginal resource cost of labor c. the lower the marginal resource cost of labor d. the lower the marginal productivity of labor e. the greater the marginal productivity of labor
The demand curve for capital:
a. shows the positive relation between capital usage and the quantity of capital demanded. b. shows the positive relation between aggregate output and the quantity of capital demanded. c. shows the negative relation between rate of inflation and the quantity of capital demanded. d. shows the positive relation between technological change and the quantity of capital demanded. e. shows the negative relation between price of capital and the quantity of capital demanded.