Economic growth appears on a production possibilities curve as
A. the curve shifting out away from the origin.
B. a change in the slope of the curve.
C. the points outside the production possibilities curve.
D. the curve shifting in toward the origin.
Answer: A
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Suppose a monopolist's demand curve is P = 60 - Q, and its cost function is C = 10Q + 50 so its marginal cost is 10. If a governmental agency wished to set the price that maximized social welfare, that price would be
A) $10.00. B) $11.02. C) $14.57. D) $35.00.
In Cambodia during the early 2000s, the illiteracy rate for girls between the ages of 15 and 24 was __________ and the illiteracy rate for males in this age group was ______________.
a. 86%; 88% b. 80%; 83% c. 67%; 70% d. 72%; 69%
Financial disintermediation occurs when:
a. Businesses no longer borrow directly in the bond market. b. Businesses no longer issue stock. c. Individuals no longer trade securities in the secondary market. d. Individuals withdraw funds from financial intermediaries and invest them elsewhere. e. All of the above.
The government has a balanced budget if
A) its total revenues are equal to its total expenditures. B) its total revenues are less than its total expenditures. C) its total revenues are greater than its total expenditures. D) the money supply is less than total expenditures.