Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A.
B. C to D.
C. B to D.
D. A to C.
Answer: B
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Suppose in the United States, the opportunity cost of producing a motor engine is 4 auto bodies. In Canada, the opportunity cost of producing a motor engine is 2 auto bodies
a. What is the opportunity cost of producing an auto body for the United States? b. What is the opportunity cost of producing an auto body for Canada? c. Which country has a comparative advantage in the production of auto bodies? d. Which country has a comparative advantage in the production of motor engines?
An excise tax
A. is often used to encourage the use of a good. B. is a value added tax (VAT). C. acts as a negative incentive to consume that good or service. D. is illegal in most cities in the United States.
Among the resources used in production are labor and capital.
Answer the following statement true (T) or false (F)
Does a change in the real interest rate shift the supply of loanable funds curve? Explain your answer
What will be an ideal response?