Combinations of goods outside the production possibilities curve (PPC) have which of the following characteristics?
a. They are only attainable today if we employ all unemployed or underemployed resources.
b. None of the answers is correct.
c. They imply that some resources, such as labor, are unemployed or underemployed.
d. They are not attainable given our existing stock of resources and technology.
d
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An increase in the domestic real interest rate will tend to cause, other things the same ________
A) a depreciation of the domestic currency B) an increase in the demand for domestic goods and services C) an increase in demand for foreign currencies D) an appreciation of the domestic currency
What is the Portugal's opportunity cost of producing 3 bottles of wine?
Costs associated with economic growth include all of the following EXCEPT
A. improved health care. B. environmental pollution. C. psychological problems such as depression. D. urban congestion.
Refer to the above figure. Which panel represents the long-run supply curve for a constant cost industry?
A. Panel A B. Panel B C. Panel C D. Panel D