The process through which an economy's production possibilities curve is shifted outward is:
A) comparative advantage.
B) economic growth.
C) full employment.
D) specialization.
Ans: B) economic growth.
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As in the modern world, price-discriminating railroad industrialists of yesteryear charged the highest prices in markets with the steepest competition
Indicate whether the statement is true or false
If $1,000 is placed in an account earning 8% annually, the balance at the end of seven years will be
A) $1,080. B) $1,560. C) $2,000. D) $1,714.
Children of female heads of households are five times more likely to live in poverty than other children
a. True b. False
The marginal benefit of a typical activity
A. decreases as you do more of the activity. B. stays the same if the cost of doing the activity stays the same. C. can never be negative. D. increases as long as the activity has any value to you.