A point outside of the production possibility frontier is:
A. inefficient.
B. impossible.
C. efficient.
D. on the contract curve.
B. impossible.
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In the United States in 2013, the Bureau of Economic Analysis began counting spending on research and development as ________, which counts as a part of GDP
A) intermediate goods B) investment C) consumption D) depreciation
An increase in the price level or in the real GDP, with velocity stable, shifts the :
a. money demand curve leftward. b. money supply curve leftward. c. money demand curve rightward. d. money supply curve rightward.
What would happen to the quantity of human organs supplied if the restriction on selling organs were lifted?
a. It would remain unchanged. b. It would increase. c. It would decrease. d. It would decrease to zero.
Four firms control the market for a particular good, resulting in an HHI of 6,550. Total industry sales are $1,750, and it is known that one firm has sales of $1,400 and another sales of $175. If each of the remaining two firms has the same sales, then we can conclude that the remaining two firms each have a market share of:
A. $90. B. $200. C. 0.20. D. 6,550.