The long-run aggregate supply curve shifts right at the same time as
A. the production possibilities curve shifts outward.
B. the production possibilities curve shifts inward.
C. the inflation rate increases.
D. wages increase.
Answer: A
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If 8,000 workers are unemployed, then the minimum wage must be
a. $8 b. $12. c. $6 d. $14.
Which of the following is the most common form of business organization in the United States?
A) proprietorship B) partnership C) corporation D) S-corporation
Explain what information that changes in the value of a firm's stocks provide for a firm's managers and for investors
What will be an ideal response?
When a country has the ability to produce a good or service at a lower opportunity cost than others, they:
A. have an absolute advantage. B. have a comparative advantage. C. are free-traders. D. should remain self-sufficient.