Trade is only beneficial if a nation has an absolute advantage in producing all products.
Answer the following statement true (T) or false (F)
False
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School districts in which relatively more parents choose to not have their children immunized:
A. have higher rates of the diseases for which immunization is normally required. B. are in violation of federal health care regulations. C. have lower rates of the diseases for which immunization is normally required. D. tend to be in poorer neighborhoods.
Keeping in mind economists' definition of factors of production, which of the following is NOT a factor of production?
A) money B) low-skilled labor C) coal D) an engineer
Forces that cause long-run average cost to fall as output expands are known as
a. returns to scale. b. scale efficiencies. c. economies of scale. d. optimizing forces.
Which of the following would NOT allow society to move to point "h" in the above figure?
A. an increase in quantity of capital B. an improvement in technology C. more efficient use of current resources D. an increase in quantity of labor