Economic growth can be drawn in a diagram by
A. shifting the production possibilities curve out.
B. shifting the production possibilities curve in.
C. making the production possibilities curve more bowed out.
D. making the production possibilities curve less bowed out.
Answer: A
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What are the arguments for and against federal government grants to states?
What will be an ideal response?
An increase in price for an output good decreases the quantity demanded for input factors.
Answer the following statement true (T) or false (F)
Domestic goals dominate international goals for all of the following reasons except:
A. international goals affect a country's population indirectly. B. in politics, indirect effects take a back seat. C. international goals are ambiguous. D. countries are becoming more economically integrated.
If the number of potential workers in a country is 25 million, and the size of the labor force in the country is 17 million, the number of adults not in the work force will equal:
A) 43 million. B) 8 million. C) 25 million. D) 17 million.