Economic growth
A) creates unemployment.
B) has no opportunity cost.
C) shifts the PPF outward.
D) makes it more difficult for a nation to produce on its PPF.
C
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Figure 34-6
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From Figure 34-6, one can infer that
A. Honduras will be willing to trade bananas for corn at a unit ratio of no less than 2 corn:1 banana. B. Honduras will be willing to trade bananas as long as the unit exchange ratio is greater than 1/2 corn:1 banana. C. Honduras has no potential to gain from trade. D. Honduras will be unwilling to trade at an exchange ratio.
Which of the following is an example of a nudge?
A. Income is redistributed through tax and spending programs. B. An employee must check a box to opt out of a retirement savings program. C. A farmer's market raises prices because a storm destroyed crops. D. Government taxes cigarettes.
Costs imposed on future users of a resource are called
a. Transactions costs b. Social costs c. Private costs d. Depletion costs e. User costs
If expectations about future income change, there is
A) a decrease saving if people expect income to decrease in the future. B) a decrease in saving if people expect income to increase in the future. C) an increase in saving if people expect income to increase in the future. D) no change in saving until income actually changes. E) a change in the quantity of loanable funds supplied and a movement along the supply of loanable funds curve.