Offshoring became a concern in the 1980s when modern communication and transport technology made it possible for firms to relocate production abroad
Indicate whether the statement is true or false
TRUE
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Opportunity costs arise from
A) choices. B) taxes. C) mistakes. D) regrets.
The highest percentage of uses of health care funds in the U.S. for 2010 was
A. research. B. hospital care. C. home health care. D. nursing home care.
The debtor obligated to debt repayments larger than his greatest possible earnings
A. could be imprisoned under current U.S. bankruptcy law. B. has little incentive to work in order to repay the debt. C. will repay the debt in order to avoid being called a "deadbeat." D. will have to work overtime or a second job to repay the debt.
In the graph showing aggregate demand and aggregate supply after a negative supply shock, we can see that high energy prices in the late 1970s caused ______.
a. an increase in price levels and a decrease in RGDP
b. a decrease in price levels and an increase in RGDP
c. an increase in both price levels and RGDP
d. a decrease in both price levels and RGDP