Some economists believe that our best years of economic growth are behind us
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Alpha Corp . and Beta Corp . are the only firms in an industry. It is found that Alpha loses its entire market share to Beta when Beta lowers its price. What is the optimum pricing strategy for Alpha?
What will be an ideal response?
Which of the following individuals will undertake extensive research before making their choice?
a. A person planning to buy a new house b. A homemaker purchasing daily groceries c. A person searching for a present before attending a birthday party d. A student buying academic books as recommended by the faculty
The slope of a production possibilities curve is ________ because ________.
A. positive; producing more of one good requires producing less of the other B. positive; producing more of one good requires producing more of the other C. negative; producing less of one good requires producing less of the other D. negative; producing more of one good requires producing less of the other
Equilibrium in the labor market
A) cannot occur if the production function is shifting upward. B) can happen only when actual GDP exceeds potential GDP. C) means that resources are allocated inefficiently D) occurs when actual GDP is equal to potential GDP