China's State Council has encouraged more spending to "improve transportation links and other infrastructure...." It will also "step up its spending on vocational training and other educational programs for adults." www.nytimes
com, Keith Bradsher, October 19, 2008 Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's PPF. As a result of enacting the policies, China's PPF will A) shift outward.
B) shift inward.
C) rotate outward.
D) become flatter.
A
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Bonnie has just purchased a crystal vase she saw advertised when she went on line to find her local weather forecast. The Internet ad is an example of
A) mass marketing. B) direct marketing. C) indirect marketing. D) interactive marketing.
The output produced by domestically owned firms in foreign countries is included in the U.S. GDP but not in the U.S. GNP
a. True b. False Indicate whether the statement is true or false
If Panama has a high opportunity cost of producing salmon steaks, then it should export salmon steaks
a. True b. False