As the cost of resources goes up, producers ________ production, which drives prices ________
A) increase; up
B) increase; down
C) decrease; up
D) decrease; down
C
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By providing workers with more machines, equipment and buildings to use in the production of goods, production would decrease
Indicate whether the statement is true or false
The data in the table above are the U.S. balance of payments. The data show that
A) the United States has a current account surplus. B) the United States has a capital and financial account surplus. C) The United States loaned $400 billion to the rest of the world. D) Both answers A and B are correct.
When making decisions on pricing and other behaviors, oligopolistic firms must take into account the actions of other firms
a. True b. False Indicate whether the statement is true or false
Keynesian economists argue that the automatic adjustment of wages and prices in the macro economy is quite rapid
a. True b. False Indicate whether the statement is true or false