As an economy moves from point to point along its production possibilities curve, which one of the following variables changes?
A. the level of technology
B. the amount of each good or service produced
C. the level of efficiency of some factors of production
D. the total amount of resources employed
Answer: B
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A rise in the tax rate on businesses leads to ________
A) a decline the desired level of capital and an increase in investment B) a decline in the desired level of capital and a decrease in investment C) an increase in the desired level of capital and a decrease in investment D) an increase in the desired level of capital and an increase in investment
In the above figure, an increase in aggregate demand has resulted in
A. economic growth. B. an inflationary gap. C. a decline in the price level. D. a recessionary gap.
What are the types of training that police officers receive and what are their purposes?
What will be an ideal response?
The Chinese economy has embarked on a large-scale process of privatization since
A. 1949. B. The mid-1950s. C. The mid-1960s. D. The late 1970s.