Refer to the above figure. Which of the following would allow society to move to point d?
A) producing efficiently
B) concentrating production in wheat
C) increasing the quantity of labor
D) using the best land to produce wheat and the lower quality land to produce beans
C
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The simultaneous export and import of widgets by the United States is an example of
A) intra-industry trade. B) increasing returns to scale. C) imperfect competition. D) inter-industry trade. E) the effect of a monopoly on international trade.
All of the following are true regarding the Sherman Act except which one?
A) It condemns the act of becoming a monopoly. B) It addresses both monopolies are cartels. C) It was the second major piece of antitrust legislation. D) It condemns the act of trying to become a monopoly.
If we wanted to consider all the money that had been "multiplied" in the economy, we would think about:
A. hard money. B. M1. C. M2. D. None of these.
Identify factors that would cause consumption spending to increase. What effect would that have on aggregate demand?