Imagine that a country is at point X of this production possibilities frontier and a country is at point Y.
A. The country at point X will probably grow faster than the country at point Y.
B. The country at point Y will probably grow faster than the country at point X.
C. The two countries will probably grow at about the same speed.
D. There is no way of predicting which country will grow faster.
B. The country at point Y will probably grow faster than the country at point X.
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Use the above figure. The total profit earned by the monopolistically competitive firm is
A) +$300. B) +$15. C) -$15. D) $0.
How did states respond to the decline in their economies after the Great Depression?
a. by getting consumers to buy domestically produced goods b. by breaking treaties and discontinuing tariffs c. by enacting last-resort measures
According to Keynes, what households plan to save
A) always equals what firms plan to invest. B) sometimes equals what firms plan to invest. C) is always greater than what firms plan to invest. D) is always less than what firms plan to invest.
The environmental problems of China is not caused by
A. a lack of central planning in the economy. B. the burning of low-quality, high-sulfur coal. C. a lack of pollution controls. D. the one-child policy of population control.