Each point along a nation's production possibilities frontier represents efficient use of all resources
a. True
b. False
A
You might also like to view...
The Taylor rule specifies
a. a constant relationship between interest rates and output. b. a constant relationship between interest rates, output, and inflation. c. a flexible relationship between interest rates, output, and inflation. d. a fixed relationship between inflation and output. e. none of the above.
What act of Congress declared restraint of trade illegal and declared any attempt at monopolizing unlawful?
a. Celler-Kefauver Act. b. Sherman Antitrust Act. c. Clayton Act. d. Robinson-Patman Act.
A minimum wage that is set below the equilibrium wage will:
A. cause increased unemployment. B. have no effect on employment. C. cause the overall wage to increase. D. cause the overall wage to decrease.
Global corporations:
A. can provide many benefits to the countries in which they operate. B. suffer tax disadvantages that domestic corporations do not. C. have little interest in decreasing international tensions. D. are falling in importance in today's economy.