In a graphic relationship, shifts in a curve are caused by a change in:
a. the slope of the curve.
b. a factor not measured on the axes of the graph.
c. one of the factors measured on either axes of the graph.
d. any factor, whether measured on the axes of the graph of not.
b
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In the absence of discrimination, as human capital investments increase, wages will generally
A) decrease. B) increase. C) not change. D) increase or decrease.
In the above figure, what is total cost at the profit-maximizing point?
A) $182 B) $126 C) $112 D) $170
A tax is considered to be independent of: a. investment
b. consumption. c. government spending. d. real GDP. e. the price level.
Which of the following is the most frequently used parameter when comparing two economies?
a. Nominal GDP b. Real GDP c. Per capita real GDP d. Currency adjusted GDP