Which statement is true?
A. The United States is usually inside our production possibilities curve.
B. The United States is usually outside our production possibilities curve.
C. The United States is usually on our production possibilities curve.
D. None of the statements are true.
A. The United States is usually inside our production possibilities curve.
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Imports are goods and services bought domestically
A) and resold at a profit. B) and not subject to tariffs. C) and produced domestically. D) but produced in other countries.
The monetary stimulus enacted in the fall of 2001 provides support for those economists who favor
a. stable money supply growth. b. activist monetary policy. c. rules-governed monetary policy. d. fixed rates of growth for the money supply.
A decline in interest rates tends to expand the economy by
a. encouraging private investment and decrease in bank lending. b. appreciating the currency and lowering the profitability criterion for investments. c. decreasing the cost of capital and reducing net exports. d. depreciating the currency and raising net exports.
What is the difference between physical capital and human capital?
What will be an ideal response?