A Money magazine survey revels that couples have arguments over money mostly over?
A) Credit Card Debt
B) Insufficient Savings
C) Household Budgets
D) Frivolous Purchases
Ans: D) Frivolous Purchases
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Use the following graph to answer the next question.If the interest rate rises from 2% to 3%, the supply of money must have
A. decreased by $100 billion. B. increased by $50 billion. C. decreased by $50 billion. D. decreased by $150 billion.
Economic growth can be pictured in a production possibilities curve diagram by
A) making the production possibilities curve more bowed out. B) making the production possibilities curve less bowed out. C) shifting the production possibilities curve out. D) shifting the production possibilities curve in.
The smaller the percentage of people who work, the higher the potential output per capita.
Answer the following statement true (T) or false (F)
In the short run average costs eventually increase because of ________, and in the long run average costs eventually increase because of ________.
A. diminishing returns; diseconomies of scale B. diseconomies of scale; diminishing returns C. increasing returns to scale; diseconomies of scale D. constant returns to scale; decreasing returns to scale