During the early years of the US industrial revolution, the US welcomed immigrants from abroad. How would immigration affect the production possibilities frontier?
a. turns a linear PPF into a convex PPF
b. turns a convex PPF into a linear PPF
c. no impact
d. shift it in
e. shift it out
E
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Refer to Figure 12-9. At price P1, the firm would produce
A) Q1 units B) Q3 units. C) Q5 units. D) zero units.
Which of the following is an example of cryptocurrency?
A) U.S. dollar B) Japanese yen C) Euro D) Bitcoin
The interest-rate effect suggests that:
A. a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spending. B. an increase in the price level will increase the demand for money, reduce interest rates, and decrease consumption and investment spending. C. an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending. D. an increase in the price level will decrease the demand for money, reduce interest rates, and increase consumption and investment spending.
When a tariff is imposed, the demand curve for the domestic good
A. shifts downward and to the right. B. shifts upward and to the right. C. shifts upward and to the left. D. shifts downward and to the left.