The production possibilities frontier represents all desirable combinations of two goods
a. True
b. False
Answer: b. False
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Which of the following statements is true about the mean of a series?
A) The mean is equal to zero when all the values are identical. B) The mean is a commonly used technique for summarizing data. C) The mean is less than all the individual observations in the data set. D) The mean is calculated as the sum of all values multiplied by the number of values.
An increase in foreign incomes
A) increases aggregate demand in the United States. B) increases the aggregate quantity demanded in the United States. C) decreases the aggregate quantity demanded in the United States. D) decreases aggregate demand in the United States.
Decision makers engage in marginal thinking by
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