Which of the following is the best example of "what goods and services should be produced?"
A) the use of a capital intensive versus a labor intensive process of manufacturing textiles
B) the production of SUVs versus the production of sub-compact cars
C) the manufacturing of computer workstations in China or in India
D) the leasing versus the purchasing of new capital equipment
B
You might also like to view...
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
In 2010, high-income families (the top 20 percent) in the United States earned approximately ____ percent of the total before-tax income
a. 34 b. 48 c. 62 d. 79
Refer to the information provided in Figure 6.9 below to answer the question(s) that follow.
Figure 6.9Refer to Figure 6.9. The marginal utility of the fourth video game rental is
A. 0. B. 4. C. 8. D. 22.
If General Motors buys steel from Russia, then the purchase will be recorded in the:
A. U.S. current account. B. Russian government financial account. C. U.S. government financial account. D. U.S. financial and capital account.