The distance between the TC and the TVC curve
A) is constant.
B) decreases as output increases.
C) increases as output increases.
D) is the MC curve.
Answer: A
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Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
The skills, training, and education possessed by workers that contribute to economic growth are known as:
A. Saving. B. Human capital. C. Natural resources. D. Output of labour.
Colonial America had little industry and so had mostly raw materials to export. At the same time, there were many opportunities to purchase capital goods and earn a high rate of return because there was little existing capital so that the marginal product of capital was relatively high. What does this suggest about net exports and net capital outflow in colonial America?
As a general rule, zero pollution is not socially desirable because
A. there would be no production. B. the Environmental Protection Agency (EPA) needs to have something to do. C. no pollution would lead to global warming. D. all of these answer options are correct.