Refer to Figure 5.1. All else equal, an increase in the number of workers will cause a
A) shift from PF1 to PF2.
B) shift from PF2 to PF1.
C) movement up and to the right along PF1.
D) movement down and to the left along PF2.
C
Economics
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Suppose U.S. net exports are -$400 billion and the U.S. government sector surplus is $200 billion. Then in the private sector, saving minus investment equals
A) -$600 billion. B) -$200 billion. C) +$600 billion. D) +$200 billion.
Economics
Improvements in the level of technology will generally shift the production function downward.
Answer the following statement true (T) or false (F)
Economics