The United States was able to produce temporarily outside its production possibilities curve for several years during World War II by doing which of the following?
A. Recruiting housewives to work in tank and airplane factories.
B. Convincing workers who qualified for retirement to put off retirement.
C. Pressing older machinery and equipment into use.
D. Expansion of the work week.
E. All of the choices are true
E. All of the choices are true
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A pharmaceutical company hired two analysts to independently calculate the elasticity of supply of its product. According to Analyst A, the price elasticity of supply for the company is 0.36, and according to Analyst B, the price elasticity of supply is 0.88 . Assuming that neither analyst has made a mistake in calculations, it can be concluded that: a. Analyst A studied the data for a longer
period of time than Analyst B. b. Analyst A studied the data for a shorter period of time than Analyst B. c. the data provided by the company had variations in it. d. the average of the two values can provide the accurate price elasticity of supply.
The labor force participation rate among both men and women 25 to 54 ________ from 2000 to today.
A. rose dramatically B. fell (particularly for men) C. stayed relatively constant D. rapidly vacillated
Consider the following weekly production possibilities of gloves and hats in Panama and Russia:?RussiaPanamaGloves20180Hats80 90What is each country's opportunity cost of producing gloves and hats? If the countries could, should they trade?
What will be an ideal response?
What are the three options available to a bank that needs additional reserves?
What will be an ideal response?