An increase in population shifts the production possibilities frontier inwards over time
Indicate whether the statement is true or false
FALSE
You might also like to view...
A fall in supply is illustrated by
a. a downward shift in the supply curve. b. moving the equilibrium point down and to the left along the supply curve. c. drawing the supply curve flatter. d. shifting the supply curve to the left.
Net utility is
a. equal to total utility from the quantity acquired of a good minus the utility lost by having to pay for it. b. equal to the sum of the marginal utilities. c. equal to an optimal number easily calculated by the consumer. d. always greater than total utility.
The accompanying figure shows a single consumer's demand for ice cream at the student union.
Fran is one of the students whose demand curve for ice cream is shown above. When price is $4.00, Fran demands ________ scoops a week, and when price is $2.00, Fran demand ________ scoops.
A. 2; 6 B. 2; 4 C. 1; 3 D. 2; 5
When you see a preview of a coming movie at the movie theater, this is
A. direct market advertising. B. persuasive advertising. C. indirect market advertising. D. informational advertising.