Production possibilities in an economy decrease as more resources and better technology are utilized.
Answer the following statement true (T) or false (F)
False
More resources and better technology create a greater capacity to produce.
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Capital deepening occurs when
a. the capital stock increases for a given labor force b. the capital stock decreases for a given labor force c. output decreases d. employment increases e. investment decreases
In the short run, the downward slope to the Phillips curve is mainly due to:
a. Differences between expected inflation and actual inflation. b. Differences between actual and expected real GDP growth rates. c. Differences between actual and expected sun spots. d. Differences between actual and expected changes in productivity. e. Differences between actual and expected nominal exchange rate changes.
Suppose France imposes a tariff on wine of 3 euros per bottle. If government revenue from the tariff amounts to 30 million euros per year and if the quantity of wine supplied by French wine producers, with the tariff, is 8 million bottles per year, then we can conclude that
a. the quantity of wine demanded by France, with the tariff, is 18 million bottles per year. b. the quantity of wine demanded by France, without the tariff, would be 24 million bottles per year. c. the amount of the deadweight loss is 24 million euros per year. d. the tariff causes French buyers of wine to pay 2 euros more per bottle than they would pay without the tariff.
If xi and yi are positively correlated in the sample thenthe estimated slope is _____.?
A. ?less than zero B. ?greater than zero C. ?equal to zero D. ?equal to one