Gomer can make either 200 gallons of corn liquor (L) or 200 gallons of strawberry wine (W) every six months. Goober can make only 100 gallons of corn liquor (L) or 50 gallons of strawberry wine (W) every six months. Which statement below is true?
A) Gomer produces W more efficiently than Goober.
B) Gomer produces L less efficiently than Goober.
C) Goober produces L more efficiently than Gomer.
D) All of the above are true.
D
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What will be an ideal response?
The marginal product of capital (MPK) measures ________
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Suppose GDP is $10 billion, consumption expenditure is $7 billion, investment is $2 billion, and government purchases of goods and services is $2 billion. Net exports of goods and services must be
What will be an ideal response?
Some examples of conventional types of fiscal policy actions are changes in government purchases or in personal taxes.
Answer the following statement true (T) or false (F)