The main policy tool for manipulating consumer spending is personal income tax, but this tool takes time to have an effect.

Answer the following statement true (T) or false (F)


True

Economics

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________ a nation's production possibilities frontier represents economic growth

A) Moving up along B) An outward shift of C) An inward shift of D) Moving down along

Economics

Terry wants to sell his car and the lowest price he is willing to accept is $3,000 . Alice likes the car and is willing to pay at most $4,000 for it. What is the headroom for them?

a. Prices up to $1,000 b. Price range between $3,000 and $4,000 c. Prices above $4,000 d. Prices below $3,000

Economics

Which of the following best defines productive efficiency?

a. Producing without waste b. Producing what society prefers c. Selling goods at the lowest cost d. Competing with identical goods

Economics

The resolution of Adam Smith's diamond-water puzzle is based on the distinction between marginal and total utility

a. True b. False Indicate whether the statement is true or false

Economics