In the above figure, technological progress that increases the expected profit will
A) shift the demand for loanable funds curve leftward.
B) shift the demand for loanable funds curve rightward.
C) have no effect on the demand for loanable funds curve.
D) make the demand for loanable funds curve become horizontal.
B
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The variables in the index of leading indicators are included in the index because
a. they are good indicators of the current rate of inflation. b. they generally lag behind turns in the business cycle. c. of their tendency to lead (or predict) turns in the business cycle. d. they are good indicators of the current state of the economy.
According to public choice theory, low voter turnouts are the result of voters
A) being apathetic. B) being uninformed. C) being lazy. D) disliking the candidates. E) calculating their costs and benefits of voting.
All mutually beneficial trades have taken place. This implies that
A. economic efficiency prevails in the society. B. society is on the constant cost portion of its production possibilities curve. C. the production possibilities curve is bowed out. D. society is inside the production possibilities curve.
Policies designed to promote import substitution often encouraged labor-intensive production methods, which encouraged the creation of jobs.
Answer the following statement true (T) or false (F)