A relationship that shows the technological possibilities for an economy as a whole is called a
A) production function.
B) utility possibilities frontier.
C) production possibilities frontier.
D) budget constraint.
C
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________ marginal costs of production would tend to ________ a good's ________
A) Higher; increase; supply curve B) Lower; increase; supply curve C) Lower; decrease; supply curve D) lower; increase; demand curve
Which of the following would increase the value of the dollar in the long run?
A) a decrease in U.S. tariffs on foreign goods B) an increase in the demand for American goods relative to goods from other countries C) an increase in inflation in the United States relative to other countries D) an increase in the supply of dollars on the foreign exchange market
Quasi-experiments
A) provide a bridge between the econometric analysis of observational data sets and the statistical ideal of a true randomized controlled experiment. B) are not the same as experiments, and lessons learned from the use of the latter can therefore not be applied to them. C) most often use difference-in-difference estimators, which are quite different from OLS and instrumental variables methods studied in earlier chapters of the book. D) use the same methods as studied in earlier chapters of the book, and hence the interpretation of these methods is the same.
Injections represent outflows of planned expenditures from the real GDP stream
a. True b. False Indicate whether the statement is true or false