The economy could produce at 8 units of outboard motors and 18 units of robots
A. immediately only under unusual circumstances such as war.
B. if there is economic growth over a period of years.
C. under no circumstances.
D. immediately only under unusual circumstances such as war AND if there is economic growth over a period of years.
D. immediately only under unusual circumstances such as war AND if there is economic growth over a period of years.
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Which of the following is not a type of portfolio investment?
(a) Investment in stocks. (b) Multinational corporation investment. (c) Investment in commercial paper. (d) All are types of portfolio investment. (e) None are types of portfolio investment.
The primary reason that short-lived shocks can have long-run effects is
A) the nonneutrality of money. B) misperceptions by the public over the actual price level and the expected price level. C) the presence of rational expectations among the public. D) the presence of propagation mechanisms.
Regardless of market structure, all firms
A) consider the actions of rivals. B) maximize profit by setting marginal revenue equal to marginal cost. C) produce a differentiated product. D) have the ability to set price.
Which of the following is an example of the free-rider problem?
A. a fast food employee who is provided food at work B. a student who refuses to buy a college catalog C. a neighbor who refuses to help pay for a street light that is intended to help reduce crime D. a law enforcement officer who receives a uniform from the police department