A large government faces a production possibilities frontier much like a business firm does
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following is a possible reason for the improved economic performance between 1985 and 2007?
A) Demand Shocks have become smaller and less important. B) Monetary and fiscal policy have become more effective. C) Change in conditions that make monetary and/or fiscal policy more powerful. D) All of the above
Southwest employees, among the most productive in the airline industry at seat capacity per employee, have been complaining that the company has pushed too far and has upset the culture by proposing more _______________ of jobs and more ____________ employees.
Fill in the blank(s) with the appropriate word(s).
If real GDP equals 1,500, nominal GDP equals 3,750, and the price level equals 2.75, then what is velocity if the money stock equals 1,875?
A. 0.8 B. 2 C. 1.5 D. 1.75
In a market system, intermediaries in the exchange process are known as
A) producers. B) consumers. C) middlemen. D) free agents.