The production function does NOT provide information about
A) the technology used in the production process.
B) the types of inputs used in the production process.
C) the relationship between changes in quantity of inputs and changes in the quantity of output.
D) the profits of producing a good.
Answer: D
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The effects on the economy of a prolonged decrease in investment are ________ if ________ occurs
A) more pronounced; consumers adjust permanent income downwards B) less pronounced; consumers do not adjust permanent income upwards C) more pronounced; consumers adjust permanent income upwards D) less pronounced; consumers adjust permanent income downwards
Americans who benefit from immigration include
a. firms that hire immigrants. b. workers whose skills are complementary with immigrants' skills. c. consumers who purchase goods produced using immigrants labor. d. property owners who own land in immigrant neighborhoods. e. All of the above.