A country's potential GDP is determined, in part, by
A) the Lucas Wedge.
B) the Okun Ga
D
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Good Patties is a chain fast-food hamburger restaurant that wants to expand into a foreign market. The managers of Good Patties are most concerned about the financial commitment and desire to keep the potential cost as low as possible. Which of the following entry methods is most likely to address the managers' financial concerns?
A) acquiring a foreign firm through a merger B) establishing a local office/restaurants managed by one of Good Patties' managers C) franchising D) independent entry
If speculation is that a recession is around the corner, which means that our future incomes will most likely fall, then the effect of all this on the economy now will be
a. an upward movement along the AD curve b. a downward movement along the AD curve c. the AD curve shift to the left d. the AD curve shift to the right e. the AS curve shift to the right
The "all other things unchanged" assumption is used to:
A) express the fundamental questions in economics. B) approximate real-world conditions. C) simplify the very complex real world. D) do all of the above.
The experiences of Singapore, Whole Foods Markets, and the State of Indiana all point to one major factor that could reduce, if not eliminate, overconsumption of health care. And that is:
A. Reducing the coverage of insured illnesses B. High out-of-pocket costs to consumers C. Raising the health-insurance premiums D. Privatizing health insurance