The slope of the production possibilities curve is:
A. positive.
B. positive and increasing.
C. positive and decreasing.
D. the opportunity cost of one good in terms of the other.
Answer: D
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Evidence from the United States during the period 1973-2002 indicates that the value of the dollar and the measure of the ________ interest rate rose and fell together
A) real B) nominal C) expected D) actual
The regulation of natural monopolies is common in all of the industries except the:
A. tap water industry. B. electricity industry. C. natural gas industry. D. oil and gas industry.
Which of the following approaches will help traditional American companies operating in countries like China to protect intellectual property rights?
A. avoiding negotiation and alternative dispute resolution B. complaining to the U.S. government and World Trade Organization C. expecting the home country to actively police their intellectual property D. using IP without registering it with the appropriate agencies in United States E. not engaging local representation
An increase in unemployment insurance payments would, in effect, ________ the amount of time spent searching for a job, which would increase ________ unemployment
A) increase; cyclical B) increase; frictional C) decrease; cyclical D) decrease; frictional