An ordered pair is
a. the process of checking calculations twice before placing them on a graph.
b. two numbers that can be represented by a single point on a graph.
c. two numbers that are represented by two points on a graph.
d. two points on a graph that are of equal distance from the origin.
b
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A characteristic of a public good is that a public good is provided
A) to some businesses, but not to others. B) only in some states. C) to low income residents in some states. D) to many individuals at no additional cost.
Quarterly GDP:
A. is always shown as a seasonally adjusted estimate for an annual rate. B. takes account of unpredictable seasonal patterns in order to guess at annual GDP. C. is adjusted for predictable, seasonal variation to predict what GDP would be if the economy continues at its current pace. D. is the only representation of GDP that economists view as credible.
When the dollar depreciates, this shifts the AD curve rightward and the SRAS curve leftward, leading to a higher price level
Indicate whether the statement is true or false
What is a factory building an example of?
a) human capital b) physical capital c) an economic trade-off d) technology