If business people become more pessimistic about the future, we would expect that
A. investment spending would increase.
B. the saving function would shift up.
C. the consumption function would shift up.
D. the investment curve would shift inward to the left.
Answer: D
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Indicate whether the statement is true or false
An indifference curve is a line showing
A. combinations of goods that can be produced if all resources are fully employed. B. all combinations of two commodities that are equally desirable to the consumer. C. all combinations of goods over which the consumer has no choice. D. how decisions are made in a nonmarket economy.
The FE line
A) is horizontal. B) is vertical. C) slopes downward. D) slopes upward.
Mike and Tom debone chicken breasts for Ted's Chicken Co. Mike is new and can only debone 30 chicken breasts per hour, while Tom's experience allows him to debone 60 chicken breasts per hour. Both Mike and Tom work 40 hours per week. Their average hourly productivity as a team is ________ chicken breasts.
A. 60 B. 30 C. 45 D. 90