Moving along the short-run Phillips curve, if ________ increases, then ________ decreases

Which of the following is a capital resource?

a. a new car bought by the Jones family b. a truck used in transporting school children to a soccer practice c. a truck used in transporting steel to an automobile factory d. hamburger meat used to produce a juicy hamburger on a home grill e. a sapling used to create a forest in a new national park

Tariffs are more desirable than quotas if a government wants to increase revenues and reduce benefits to inefficient exporters

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