Which of the following could shift the Production Possibilities Frontier for the production of automobiles?
a. Newer technology allows the cars to be made more quickly.
b. More laborers are trained in the computerized technology used by the automobile manufacturers.
c. Laws are passed allowing automobile manufacturers to lower their tax rates by hiring more laborers.
d. All of the above could shift the Production Possibilities Frontier of automobiles.
d
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________.
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Regression analysis indicates that there are job-related characteristics that may explain some, if not all, of the wage gap between men and women, including hours worked, job tenure, career choice, and choice of college major
Briefly discuss the differences between men and women with respect to these four characteristics.
As opposed to a payments system based on barter, a payments system based on money
a. requires a double coincidence of wants. b. leads to less specialization. c. makes trades less costly. d. None of the above is correct.
As the inventory of a firm falls
A. its social capital increases. B. its tangible capital decreases. C. its intangible capital decreases. D. there is no change in its capital.