An increase in the quantity of resources available
A) shifts the PPF leftward.
B) shifts the PPF rightward.
C) moves the economy to a new point up along a given PPF.
D) moves the economy to a new point down along a given PPF.
B
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Recent estimates put the size of the underground economy in the United States at ________ of measured GDP
A) 2 percent B) 8 percent C) 13 percent D) over 50 percent
What are the drawbacks of overvaluing the exchange rate as an import substitution policy?
What will be an ideal response?
Planned investment spending, a component of aggregate demand, is equal to
A) fixed investment plus actual inventory investment. B) fixed investment plus unplanned inventory investment. C) fixed investment. D) fixed investment plus planned inventory investment.
The marginal product is the incremental change in total output that can be obtained from the use of one more unit of an input in the production process, while holding constant all other inputs
a. True b. False Indicate whether the statement is true or false