The law of increasing additional cost exists because
A) resources are not perfectly adaptable to both production processes.
B) the demand for the product increases.
C) the cost of resources of the products increase.
D) the cost of resources of the products decrease.
Answer: A
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If the government announces a cut in the capital gains tax and it is expected that investment spending will increase as a result, which of the following are also likely?
a. An upward shift in the aggregate expenditure line, a rightward shift of the money demand curve, and a leftward shift of the aggregate demand curve b. A downward shift in the aggregate expenditure line, a rightward shift of the money demand curve, and a rightward shift of the aggregate demand curve c. An upward shift in the aggregate expenditure line, a leftward shift of the money demand curve, and a rightward shift of the aggregate demand curve d. A downward shift in the aggregate expenditure line, a leftward shift of the money demand curve, and a leftward shift of the aggregate demand curve e. An upward shift in the aggregate expenditure line, a rightward shift of the money demand curve, and a rightward shift of the aggregate demand curve.
Which of the following would help control the future growth of healthcare prices and expenditures?
a. greater reliance on government financed healthcare reimbursement plans b. an increase in the share of healthcare expenditures financed with low co-payment insurance c. an increase in the share of healthcare cost paid for either directly or from personal medical savings accounts d. the finance of prescription drugs for the elderly with a low co-payment insurance plan under Medicare
Employment can rise in one region of the country while it falls in another
a. True b. False Indicate whether the statement is true or false
Trade restrictions designed to benefit the import-competing industries will benefit the entire country.
Answer the following statement true (T) or false (F)