When resources are assigned to inappropriate tasks, that is, tasks for which they are not the best match, the result will be producing at a point
A) where the slope of the PPF is positive.
B) where the slope of the PPF is zero.
C) inside the PPF.
D) outside the PPF.
C
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Refer to the above figure. The marginal propensity to consume and the marginal propensity to save
A) are 0.75 and 0.25, respectively. B) depend on the level of income. C) are 0.90 and 0.10, respectively. D) are 0.83 and 0.17, respectively.
An increase in the per unit costs of production within an economy will cause the aggregate supply curve to shift to the right
a. True b. False Indicate whether the statement is true or false
A French import is a good
a. produced in France and sold to Britain b. used in the production of a French good c. produced in Britain d. consumed in Britain e. produced in Britain and sold to France
All of the following are characteristics of stock except
A) stock does not represent a promise to repay a fixed amount of funds. B) dividends paid to owners of stock represent a firm's profits. C) stock promises to repay a fixed amount to of funds to stock owners. D) stock represents ownership in a firm.