A point lying beyond the utilities possibilities frontier is
A) unattainable.
B) efficient.
C) inefficient.
D) profitable.
A
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By using only the aggregate demand curve, we can determine
A) only the price level. B) only the quantity of real GDP. C) both the price level and quantity of real GDP. D) neither the price level nor the quantity of real GDP.
In the above scenario, the quantity of gas sold will
a. increase. b. decrease. c. remains the same. d. may increase or decrease.
One of the factors that causes differences in inequality across countries is:
A. the extent to which governments redistribute income through the public budget. B. the amount of jobs that are available in the country. C. the labor force participation rate within countries. D. how many income earners there are relative to total population.
Trade restrictions can prevent purchasing power parity from holding because:
A. the time and energy of importation paperwork can add to the cost of the good sold. B. tariffs can add to the cost of the good sold. C. they can add costs to the selling price because they add to the seller's cost. D. All of these statements are true.