Economic growth can be shown by ____________________ production possibilities curve.
A. an outward shift of the
B. an inward shift of the
C. a movement from one point to another along the
D. a movement to a point inside the
A. an outward shift of the
You might also like to view...
An example of an income maintenance program is
A) a proportional income tax. B) low-cost college tuition. C) unemployment compensation. D) rent control.
The opportunity cost of going to a movie is
a. the price of the movie b. number of hours you spend watching the movie c. expected gains you experience by watching the movie d. the next best alternative that must be sacrificed in order to go to the movie e. expected gains minus the expected cost of the movie
Which of the following is a difference between a consumption expenditure and an investment expenditure?
a. A consumption expenditure has a short-run motive, while an investment expenditure has a long-run motive. b. A consumption expenditure is confined to a small amount of money, while an investment expenditure requires large sums of money. c. An individual that spends his or her money for investment purposes cannot spend for consumption purposes. d. An individual that spends his or her money for consumption purposes cannot spend for investment purposes.
Economists regard both currency and deposits as money
Indicate whether the statement is true or false