Suppose there is no unemployment in the economy and society decides that it wants more of one good. Which of the following statements is true?
A) It can only achieve this with an advance in technology.
B) It will have to give up production and consumption of some other good.
C) It can only achieve this with an increase in resource supplies.
D) It can increase output without giving up another good.
B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
If all firms expect greater demand for their products or services, they will hire _____ resources like labor and capital and the economy will experience _____
a. fewer; recession b. fewer; growth c. more; deflation d. more; recession e. more; growth
What effect does the following transaction have on the U.S. balance of payments?(Choose the proper debit and credit entries.)Ford Motor Company (U.S.) purchases automobile parts from Mexico and agrees to pay the Mexican supplier in U.S. dollarsin 90 days
a. Debit the U.S. financial account; credit the U.S. current account. b. Credit the U.S. financial account; debit the U.S. current account. c. Debit the U.S. financial account; credit the U.S. financial account. d. Credit the U.S. financial account; debit errors and omissions.
Refer to Figure 6.4. If the price of computers is $1,000, then consumer surplus is given by the area represented by:
A. c + d.
B. b.
C. b + c.
D. a + b + e.