The multiplier effect is most potent when ______.
a. expenditures on one type of resource are replaced by another
b. idle resources are brought into production
c. it makes productive resources idle
d. all economic resources are already fully employed
b. idle resources are brought into production
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When government intervenes in the production process because external benefits exist, it typically attempts
A. to shift the market's demand curve to the left. B. to impose a tax on each unit produced. C. to shift the market's supply curve to the left. D. to shift the market's demand curve to the right.
Theoretically, what is the highest possible Herfindahl Index?
A. 100 B. 1,000 C. 10,000 D. 100,000
The desire of a consumer to purchase one more unit of a product is known as ______.
a. marginal production cost b. marginal willingness to pay c. deadweight loss d. producer surplus
Gross investment minus net investment is equal to:
A. depreciation. B. nominal investment. C. real investment. D. consumption.