A PPF is bowed outward as a result of
What will be an ideal response?
increasing opportunity costs.
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Other things remaining the same, if the quantity of money increases by a given percentage, then in the long run the ________ by the same percentage
A) real interest rate rises B) price level rises C) nominal interest rate falls D) price level falls E) real interest rate falls
Which of the following is NOT a reason that real GDP is a poor measure of a nation's economic welfare?
A) Real GDP omits measures of political freedom. B) Real GDP does not take into account the value of people's leisure time. C) Real GDP does not include the underground economy. D) Real GDP overvalues household production.
Describe the general types of barriers
What will be an ideal response?
What are a few ways that e-commerce has impacted transactions throughout the years?