An increase in the demand for a product will cause output to:
a. increase and the demand for the resources used to produce the product to rise
b. increase and the demand for the resources used to produce the product to fall.
c. decline, while the demand for the resources used to produce the product remains constant.
d. increase and the price of resources used to produce the product to increase if their supply is perfectly elastic.
a
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Indicate whether the statement is true or false
Explain how the Federal Government's attempts to control inflation can affect our current account balance
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As it relates to R&D, the expected-rate-of-return curve, r:
a. usually slopes upward. b. shows the cost of financing various levels of R&D. c. varies in location depending on the location of the interest-rate-cost-of-funds curve, i. d. represents the marginal benefit element in the MB = MC decision framework.