An outward shift of a nation's production possibilities frontier can occur due to
A) a natural disaster like a hurricane or bad earthquake.
B) a change in the amounts of one good desired.
C) an increase in the labor force.
D) a reduction in unemployment.
C
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Managed floats are equivalent to fixed exchange rates
a. True b. False
The production function illustrates the amount of total product that can be produced with a given set of
A. marginal product. B. outputs. C. inputs. D. marginal input.
The following is not a threat to external validity:
A) the experimental sample is not representative of the population of interest. B) the treatment being studied is not representative of the treatment that would be implemented more broadly. C) experimental participants are volunteers. D) partial compliance with the treatment protocol.
Quantity demanded is not only affected by price but by variables such as income and the prices of other goods
a. True b. False Indicate whether the statement is true or false