The one thing that all less-developed countries have in common over the past 25 years is virtually zero or negative economic growth
Indicate whether the statement is true or false
F
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Along a single indifference curve,
A. the slope remains constant. B. the slope increases as the quantity of a good increases. C. the slope is negative. D. the slope is always between 0 and 1.
Refer to Figure 8.1. Holding other variables constant, a decrease in the capital stock will result in a
A) shift from curve D1 to curve D2. B) shift from curve D2 to curve D1. C) movement from point A to point B. D) movement from point B to point A.
A cafeteria is willing to produce 100 cups of coffee when the price is $1 and 150 cups of coffee when the price is $1.30, other things being equal. The price elasticity of supply of coffee is
A) 1.53. B) 0.67. C) 0.10. D) 0.50.
According to the theory of rational expectations, the economy always remains at the natural rate of unemployment, irrespective of policy changes
a. True b. False Indicate whether the statement is true or false