A country produces only cans of soup and ink pens. If the country produces on its bowed outward PPF and increases the production of cans of soup, the opportunity cost of additional
A) cans of soup is decreasing.
B) ink pens is increasing.
C) cans of soup is increasing.
D) cans of soup remains unchanged.
E) More information is needed to determine what happens to the opportunity cost.
C
Economics
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In Figure 13-3 above, given the unstable demand for money and a stable commodity demand, a stable output level at C would best be promoted by
A) targeting interest rates by the Fed. B) decreasing taxes. C) increasing expenditures by the government. D) decreasing expenditures by the government.
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Oligopolies can arise as a result of both natural barriers and government created barriers
a. True b. False Indicate whether the statement is true or false
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