A fall in the price of a good causes an increase in its:
A. quantity demanded.
B. demand.
C. quantity supplied.
D. supply.
Answer: A
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On a diagram of a production possibilities frontier, economic growth is represented by the slope of the production possibilities frontier
Indicate whether the statement is true or false
Next period's capital is equal to current-period investment
A) plus the amount of current capital left over after depreciation. B) minus the amount of current capital left over after depreciation. C) plus the amount of current period depreciation. D) minus the amount of current period depreciation.
Some researchers argue that the overall standard of living increased during the 1920s. In general, holding constant all other factors that might impact it, economists are careful about connecting an increase in the standard of living to
(a) increases in the amount of labor used in production processes. (b) new inventions being made in research laboratories. (c) increases in the output of goods and services per worker. (d) the discovery of new sources of gold and silver.
An American company sets up a joint venture to develop a mining operation in Tanzania. This is an example of _____
a. foreign direct investment b. portfolio investment c. hedging d. arbitrage