Refer to the graphs shown. The discovery of a new supply of resources used only in the production of guns can be shown by which shift?
A. From X to Z to X to Y in diagram b
B. From A to B to C to D in diagram a
C. From X to Y to X to Z in diagram b
D. From C to D to A to B in diagram a
Answer: C
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The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If the marginal cost of producing a DVD increases by $4, then the efficient number of DVDs is ________ a week
A) 1 B) 2 C) 5 D) 4
As the economy moves down and to the left along a short-run aggregate supply curve, it: a. moves up and to the right along the short-run Phillips curve. b. moves up and to the left along the short-run Phillips curve
c. moves down and to the left along the short-run Phillips curve. d. moves down and to the right along the short-run Phillips curve.
Korie wants to start her own business making custom furniture. She can purchase a factory that costs $400,000 . Korie currently has $500,000 in the bank earning 3 percent interest per year. If Korie purchases the factory with her own money, what is the annual implicit opportunity cost of purchasing the factory?
a. $0 b. $3,000 c. $12,000 d. $15,000
Identify and explain 4 of the difficulties in making cross-country comparisons in health care outcomes
What will be an ideal response?