A free lunch (the absence of a tradeoff) when the production of a good is increased is possible for the entire economy only if

A) resources are used inefficiently.
B) there is a movement along the PPF.
C) prices are decreased.
D) prices are increased.
E) less of some product is produced.


A

Economics

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If the reserve requirement were 15% percent, the value of the monetary multiplier would be

A. 5.50. B. 8.54. C. 7.32. D. 6.67.

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Suppose that the nation wide average cost of air pollution generated by a car is $1,000. Would a tax of $1,000 on every car induce people to take external costs into consideration and bring about the optimal price and output for autos? Explain

What will be an ideal response?

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In economic terms, interest is the payment for

A) current command over resources. B) producers' goods. C) stocks. D) both consumer and capital goods.

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Structural unemployment refers to short periods of unemployment needed to match jobs and job seekers

a. True b. False Indicate whether the statement is true or false

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