The economy could produce at 8 units of outboard motors and 18 units of robots
A. immediately only under unusual circumstances such as war.
B. if there is economic growth over a period of years.
C. under no circumstances.
D. immediately only under unusual circumstances such as war AND if there is economic growth over a period of years.
D. immediately only under unusual circumstances such as war AND if there is economic growth over a period of years.
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An increase in the monetary base that goes into currency is ________, while an increase that goes into deposits is ________
A) multiplied; multiplied B) not multiplied; multiplied C) multiplied; not multiplied D) not multiplied; not multiplied
In American politics, we often observe that during a campaign, the Democratic and Republican positions on many issues are similar, which illustrates
a. Arrow's impossibility theorem. b. the Condorcet paradox. c. a Borda count. d. the median voter theorem.
A firm pays Pam $40 per hour to assemble personal computers. Each day, Pam can assemble 4 computers if she works 1 hour, 7 computers if she works 2 hours, 9 computers if she works 3 hours, and 10 computers if she works 4 hours. Pam cannot work more than 4 hours day. Each computer consists of a motherboard, a hard drive, a case, a monitor, a keyboard, and a mouse. The total cost of these parts is $600 per computer. What is the marginal cost of producing the computers that Pam can assemble during her 2nd hour of work?
A. $4,200 B. $4,280 C. $1,800 D. $1,840
________ are generally produced by the government.
A. Externalities B. Public goods C. Private goods D. Market failures