If a country increased the production of its capital goods, then
A. the more unemployed resources there will be in the future.
B. the more consumption of goods we can have today.
C. the more unemployed resources there are today.
D. the less consumption we can have today, but we will have more in the future.
Answer: D
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A nondiscriminating monopolist will find that marginal revenue:
A. is less than average revenue or price. B. is identical to price. C. exceeds average revenue or price. D. is sometimes greater and sometimes less than price.
In the short run, as output increases,
A. the difference between average total cost and average variable cost decreases. B. marginal cost eventually decreases. C. the difference between total cost and average variable cost decreases. D. All of the above are correct.
It has been observed that during times of an economic slump, workplace bullying by supervisors
If the Fed wishes to increase the money supply, it can:
A. buy a bond from a bank, requiring the bank to hold the money it receives as excess reserves. B. buy bonds from a bank, giving the bank cash in return, which it can then lend out. C. sell a bond to bank, and take the money it receives in exchange out of circulation in the economy. D. sell a bond to a bank, and take the money it receives and lend it out to someone else.