PPF is the
A) price parity formula.
B) possible production function.
C) producer's preferred frontier.
D) production possibilities frontier.
D
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The real business cycle theory emphasizes that in today's modern age, ________ technology plays a significant role in causing economic fluctuations
A) obsolete ideas in B) advances in C) shocks to D) duplications in
An advantage of Microsoft Windows is its compatibility with the widest range of hardware and software
The dominance of Windows is self-reinforcing: hardware and software manufacturers ensure that their products are compatible with Windows in order to have access to the large number of Windows users. Which principle best describes this scenario? A) network externalities B) economies of scale C) endorsement effects D) endowment effects
An employer asking potential job candidates to perform a test is an example of:
A. screening. B. statistical discrimination. C. signaling. D. building a reputation.
When the price level declines
A. the interest rate falls, and consumers borrow more funds, which causes a movement down along the aggregate demand curve. B. interest rates fall, and consumers borrow more funds, which causes the aggregate demand curve to shift to the left. C. the interest rate is not affected, so there is no movement along the aggregate demand curve. D. the interest rate rises, and consumers borrow fewer funds, which causes a movement up the aggregate demand curve.