Suppose that productivity-enhancing technological progress affected more the production of chairs than the production of tables. This can be depicted using a production possibilities frontier in which
A) only the chair axis intercept increases.
B) only the table axis intercept decreases.
C) both intercepts increase; however, the chair intercept increases by more.
D) both intercepts increase; however, the chair intercept increases by less.
C
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Which of the following will be classified as a liability on the balance sheet of a commercial bank?
a. vault cash b. loans extended to customers c. checking deposits of customers d. deposits held at a Federal Reserve bank
The supply curve shows the relationship between the
A. price of the product and quantity supplied. B. quantity demanded and the quantity supplied. C. cost of production and the price of the product. D. cost of resources and cost of production.
How do co payments and deductibles help contain health care costs?
What will be an ideal response?
A nation's capital stock is increased by increases in
a. consumption spending. b. government spending. c. investment spending. d. net exports.