Refer to Exhibit 2-6. Which graph depicts a technological improvement in the production of good X only?
 ANSWER 7.png)
(3)
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Suppose that inventories were $80 billion in 2012 and $70 billion in 2013. In 2013, national income accountants would ________.
A. subtract $75 billion (= $150/2) from other elements of investment in calculating total investment B. add $10 billion to other elements of investment in calculating total investment C. add $75 billion (= $150/2) to other elements of investment in calculating total investment D. subtract $10 billion from other elements of investment in calculating total investment
If a country has a capital and financial account deficit, that country's stock of international indebtedness is
A) increasing. B) decreasing. C) constant. D) zero.
"Second-hand" smoke, an often cited disadvantage of allowing smoking in restaurants, is referred to in economics as a(n)
A) capital good. B) externality. C) economic cost. D) negative investment.
Movie theaters would make more money if they offered students the same type of discounts on popcorn that they do on admission.
Answer the following statement true (T) or false (F)