As technology advances,
A) all opportunity costs decrease.
B) the PPF shifts outward.
C) a country moves toward the midpoint along its PPF and can produce more of both goods.
D) all opportunity costs increase.
E) the PPF shifts inward because unemployment occurs.
B
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The "primary" market is the market for
A) hostile takeovers. B) newly-issued securities. C) equities of "blue chip" companies. D) league tables.
In which of the following situations would a person be best off in real terms?
a. Receiving a 10 percent increase in a nominal wage, with an 8 percent rate of inflation in the economy b. Receiving a 3 percent increase in a nominal wage, with a 0 percent rate of inflation in the economy c. Receiving a 4 percent increase in a nominal wage, with a 5 percent rate of inflation in the economy d. Receiving no increase in a nominal wage, with a 5 percent rate of deflation in the economy e. Receiving a 2 percent decrease in a nominal wage, with a 6 percent rate of deflation in the economy
Describe the major sources of tax revenue and expenditures for the federal government.
What will be an ideal response?
Regarding government intervention in the economy, which of the following statements is not true?
A. Liberals tend to favor intervention. B. Conservatives are inclined to adhere to fixed rules. C. There is no guarantee that government intervention will have the desired effect. D. The effect of government actions on interest rates and spending is unknown. E. All of these responses are correct.