Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point below that PPF. Assuming that the PPF has not shifted, this could be due to
A) a gain of resources.
B) a loss of resources.
C) technological improvement in the production of both goods.
D) a new law that interferes with economic efficiency.
D
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Refer to Figure 14-8 Use the decision tree to determine whether Microsoft should deter Toshiba from entering the market for electronic book readers (e-readers). Assume that each firm must earn a 20% return on investment to break even
Explain Microsoft's decision process.
When a country that imports shoes imposes a tariff on shoes, buyers of shoes in that country become worse off
a. True b. False Indicate whether the statement is true or false
Refer to the given figure.
Based on the diagram, the nominal interest rate equals ________ and the money supply equals ________.
A. 1 percent; 500 B. 5 percent; 500 C. 7 percent; 300 D. 3 percent; 700
Which statement is true?
A. Compared with citizens of other industrialized countries, Americans are not as heavily taxed. B. Public goods are usually not provided by private enterprise because they would not be profitable. C. Public education is traditionally funded largely by local property taxes. D. All the choices.