Refer to Figure 24-2. Ceteris paribus, an increase in the labor force would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
A
Economics
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The earnings of a Spanish factory with British owners are
A) counted in Spain's GDP. B) part of Britain's GNP. C) only counted in Britain's GDP. D) only part of Spain's GNP. E) counted in Britain's GDP and are a part of Spain's GNP.
Economics
Which of the following is FALSE?
A) Social costs do not include private costs. B) Private costs do not include external costs. C) If social costs are greater than private costs, "too much" of a good is being produced. D) Pollution is a social cost.
Economics