Which of the following is most likely to be an indication of higher unemployment?
A.
An increase in real GDP
B.
An increase in nominal GDP
C.
A decrease in real GDP
D.
A decrease in nominal GDP
C.
A decrease in real GDP
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For the tragedy of the commons to occur, property rights must be clearly defined and enforced
Indicate whether the statement is true or false
Refer to Scenario 10.6. If red rubber balls can be produced at any of the three plants, what is the marginal cost of 5th red rubber ball?
A) 4 B) 5 C) 8 D) 20 E) none of the above
According to the principle of increasing costs, as the production of one good expands, the opportunity cost of producing another unit of the good tends to increase
a. True b. False Indicate whether the statement is true or false
To expand the money supply the Fed could lower the required reserve ratio, lower the discount rate, or purchase government securities
Indicate whether the statement is true or false