An outward shift of an economy's production possibilities curve is caused by:
a. an increase in capital. b. an increase in labor.
c. an advance in technology. d. all of these.
d
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An unexpected rise in New Home Sales should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
If the interest is 5%, should the firm undertake the investment?
a. Yes, since NPV=0 b. Yes, since NPV<0 c. Yes, since NPV>0 d. No, since NPV=0
An allocation of resources is technically efficient if:
a. it is impossible to increase the output of a particular good. b. it is possible to increase the output of all goods. c. it is impossible to increase the output of one good without cutting back on the production of something else. d. it is possible to increase the output of one good.
If the market basket of goods and services on which the CPI is based is $15,000 in the base year and $45,000 in the current year, the level of the CPI in the current year is _____.
Fill in the blank(s) with the appropriate word(s).