The production possibilities curve shifts outward in response to:
A.) A decline in technology or more resources or both.
B.) A decline in technology or fewer resources or both.
C.) Improved technology or more resources or both.
D.) Improved technology or fewer resources or both.
C.) Improved technology or more resources or both.
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The purchase of less than 10 percent of the shares of ownership in a company in another country is known as
A) portfolio investment. B) an ineffective method for encouraging economic growth. C) foreign direct investment. D) a hostile takeover.
Why would a usury law result in banks making less credit available to low-income households?
What will be an ideal response?
A price that discourages entry is called a
A) fair price B) limit price C) minimum price D) all of these choices
Refer to the above graph. The marginal opportunity cost of the fourth unit of bread is:
A. 1 unit of drill presses. B. 2 units of drill presses. C. 3 units of drill presses. D. 4 units of drill presses.