Along a single indifference curve,
A. the slope remains constant.
B. the slope increases as the quantity of a good increases.
C. the slope is negative.
D. the slope is always between 0 and 1.
Answer: D
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For which of the following projects would it likely be most difficult to acquire 1,000 acres of land?
A) growing wheat B) building an amusement park C) building storage sheds D) digging wells
The United States is called a debtor nation because
A) it has a large current account deficit and is simultaneously funded by foreign investment. B) it has a large balance of payments deficit that is used to fund the current account deficit. C) U.S. capital outflows are much greater than U.S. capital inflows. D) it has a large financial account deficit that is used to fund the current account deficit.
If aggregate demand falls short of current output, business firms will ________ production to ________ inventories
A) cut; keep from accumulating B) expand; keep from accumulating C) cut; build up D) expand; build up
In the short run, those who are hurt by the minimum wage are
a. some workers who lose their jobs b. employers who have to pay more c. consumers who have to pay more for goods d. all of these