Refer to the information provided in Figure 30.2 below to answer the question(s) that follow.
Figure 30.2Refer to Figure 30.2. Between times t3 and t4, labor is
A. more productive because growth in employment exceeds growth in output.
B. less productive because growth in employment is less than growth in output.
C. more productive because growth in employment is less than growth in output.
D. less productive because growth in employment exceeds growth in output.
Answer: C
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Non-activists believe that the IS curve is
A) very flat and that real output is sometimes very sensitive to monetary policy in the short run. B) very steep and that real output is sometimes very sensitive to monetary policy in the short run. C) very flat and that real output is not sensitive to monetary policy in the short run. D) very steep.
Explain what protections and rules are in place for entrepreneurs, which encourages them to innovate
This graph shows three different budget constraints: A, B, and C.
If Daniel has budget constraint C in the graph shown, what would cause it to shift to budget constraint B?
A. A decrease in the price of soda B. An increase in the price of soda C. An increase in the price of milk D. None of these changes alone could cause a shift from C to B.
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. The unregulated (market) amount of cars is
A. 25. B. 35. C. zero because any production results in an external cost. D. indeterminate from the information given.