Economic growth is shown by
A. a point near the top of the production possibilities curve.
B. an inward shift of the production possibilities curve.
C. a point outside the production possibilities curve.
D. an outward shift of the production possibilities curve.
Answer: D
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What kind of game is shown in Scenario 13.13?
A) Battle of the Sexes. B) Matching Pennies. C) Prisoners' Dilemma. D) The Product Choice game. E) It is not possible to tell what kind of game it is because the strategies have not been identified.
The major goal of the Pesticide Environmental Stewardship Program (PESP) is
a. to control pesticide use b. to determine which pesticides must be banned c. to achieve pollution prevention by reducing the use of pesticides d. to accelerate the pesticide registration and reregistration processes
Crowding out will be less likely to occur if:
A. business investment depends on interest rates. B. interest rates rise when the budget deficit increases. C. interest rates fall when the budget deficit decreases. D. business investment does not depend on interest rates.
Refer to Table 21.3 below:Table 21.3Units of LaborUnits of OutputMPP00 1 30266 3 304116 What is the marginal physical product of the fourth unit of labor in Table 21.3?
A. 5. B. 116. C. 29. D. 20.