Since the period following World War II (the early 1950s), the proportion of most countries' production being used in some other country
A) remained constant.
B) increased.
C) decreased.
D) fluctuated widely with no clear trend.
E) increased slightly before dropping off.
B
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An author who writes newspaper columns for $75 each is deciding whether to purchase a personal computer with a laser printer. She figures she'd be able to write two more columns per month than she could on her typewriter. She should
a. buy the computer if the monthly payment is less than $300 b. buy the computer regardless of its price c. not buy the computer if the monthly payment is greater than $75 d. not buy the computer regardless of the price e. buy the computer if the monthly payment is less than $150
If the nominal interest rate is higher than the real interest rate, then inflation must be:
A. positive. B. zero. C. negative. D. higher than the nominal rate of interest.
In perfect competition, a profit-maximizing business will expand until its marginal cost equals the market price.
Answer the following statement true (T) or false (F)
Consider the production possibilities frontier displayed in the figure shown. A society faced with this curve currently:
A. can only obtain point C. B. cannot obtain point C. C. cannot - obtain point B. D. can only obtain point D or point A.