The production possibilities curve shifts outward when
A) the law of increasing additional cost takes hold.
B) the economy is producing efficiently.
C) we produce more consumption goods over productive investment in equipment.
D) there is an increase in resources or technology.
D
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When the United States imports goods and services from the rest of the world
A) we receive payments from the rest of the world. B) we make payments to the rest of the world. C) we increase our inflation rate. D) we decrease our inflation rate.
Table 7-4 ? 6 346 490 600 692 775 846 ? 5 316 448 548 632 705 775 ? 4 282 400 490 564 632 692 CAPITAL 3 245 346 423 490 548 600 ? 2 200 282 346 400 448 490 ? 1 141 200 245 282 316 346 ? 0 1 2 3 4 5 6 ? LABOR ? ? ? ? ? Table 7-4 shows a production relationship. Assuming the labor input is fixed at 4, what will be the optimum capital input assuming an output price of $1 and a $90-per-day cost for one unit of capital?
A. 1 B. 2 C. 3 D. 4
In 1999 the European unemployment rate was ________ that in the United States
A) double B) triple C) equal to D) lower compared to
In the Interstate Baking case discussed in this? chapter, scanner data showed that the products of Interstate and Continental Baking were close substitutes ?, so a merger would lead to higher prices .
In the Interstate Baking case discussed in this? chapter, scanner data showed that the products of Interstate and Continental Baking were
?, so a merger would lead to higher