Opening trade between two nations would:
a. shift their production possibilities curves outward.
b. shift their production possibilities curves inward.
c. leave the production possibilities unchanged and increase their consumption possibilities.
d. leave the production possibilities unchanged and decreased their consumption possibilities.
c
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What kind of information is conveyed in a time-series graph?
What will be an ideal response?
In which one of the following situations is the political process most likely to result in both the acceptance of efficient (productive) programs and the rejection of inefficient (counterproductive) political activities?
a. The people who benefit from a government program pay the costs of the program roughly in proportion to the benefits that each receives. b. The benefits are highly concentrated, and the costs are widespread among voters. c. The costs are highly concentrated, and the benefits are widespread among voters. d. The benefits accrue primarily in the future, while the costs are more visible during the current period.
Deliberate manipulation of government spending and taxes to promote macroeconomic goals is known as _____
Fill in the blank(s) with the appropriate word(s).
Use the following figure to answer the question below.
The combination of zero pounds of corn and eighty pounds of green beans is
A. efficient. B. not attainable. C. inefficient. D. local.