An inward shift of a nation's production possibilities frontier can occur due to
A) a natural disaster like a hurricane or bad earthquake.
B) an increase in the labor force.
C) a change in the amounts of one good desired.
D) a reduction in unemployment.
A
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The demand curve for money
a. shows the amount of money balances that individuals and businesses wish to hold at various interest rates. b. reflects the open market operations policy of the Federal Reserve. c. shows the amount of money that individuals and businesses wish to hold at various price levels. d. reflects the discount rate policy of the Federal Reserve.
Opportunity cost is defined as
A) the value of the next-best alternative that must be sacrificed to attain a want. B) the least-costly means to produce output. C) the value of the output currently received by an individual or a corporation. D) the return from a given unit of labor.
Refer to the data provided in Table 9.4 below to answer the question(s) that follow. Table 9.4qTFCTVCTCMCAVCATC0$100 $0$100 ---- -- 11004014040 40 140 21006016020 30 80 31009019030 30 63.334100124 224 343156 5100180 280 56 36 56 6100 264 364 84 44 60.677100 372 472 108 53.14 67.42Refer to Table 9.4. If the market price is $34 and the firm produces 4 units of output, then its profit would be
A. -$100. B. -$88. C. $0. D. $36.
Each seller's opportunity costs are:
A. determined by a number of factors, including monetary considerations. B. determined by a number of factors, none of which is monetary. C. determined monetarily, which is why they can never be zero. D. less than the monetary costs of manufacturing the good or service.