We can show economic growth in terms of the production possibility curve by:
A. shifting the production possibility curve outward.
B. shifting from a point inside the curve to a point on the production possibility curve.
C. movement along the production possibility curve.
D. jumping to a point outside the production possibility curve.
Answer: A
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Oliver just brought home a new kitten. We could expect Oliver's demand for:
A. dog toys, a substitute good, to decrease. B. cat toys, a complementary good, to decrease. C. cat toys, a complementary good, to increase. D. dog toys, a substitute good, to increase.
Which of the following are examples of market signals?
A. extracurricular activities B. education C. warranties D. all of the above
What are some of the ways a private group can overcome a free rider problem?
What will be an ideal response?
Net investment plus depreciation is equal to:
A. gross depreciation. B. gross domestic product. C. gross exports. D. gross investment.