Refer to Figure 11-1. Technological change is illustrated in the per-worker production function in the figure above by a movement from
A) A to B. B) B to C. C) D to C. D) B to A.
B
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How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.50 dollars per one British pound?
A) 50 dollars B) 60 dollars C) 70 dollars D) 80 dollars E) 75 dollars
It is in the long-run economic interest of the world to preserve rainforests, but it is not in the short-run economic interest of the inhabitants of the countries involved to do so
a. True b. False
An increased willingness to lend money to a company can be shown by the
A. Demand for loanable funds shifting to the right. B. Supply of loanable funds shifting to the left. C. Supply of loanable funds shifting to the right. D. Demand for loanable funds shifting to the left.
Changes in tax rates impact the economy through:
A. Both aggregate demand and aggregate supply. B. Aggregate supply. C. Aggregate demand.