Which of the following is not a reason people choose to depend on others for goods and services?
a. to improve their lives
b. to allow them to enjoy a greater variety of goods and services
c. to consume more of each good without working any more hours
d. to allow people to produce outside their production possibilities frontiers
d
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When a home builder decides to computerize all of its production schedule, it directly answers the ________ question
A) for whom B) what C) where D) how E) why
According to real business cycle theorists
a. technology creates unemployment by displacing labor and this can spark the beginning of an economy's downturn b. firms that don't adopt the new, available technology cannot compete with firms that do and end up being driven out of business c. business cycles are inevitable because technological change is inevitable d. technology displaces labor, which reduces labor productivity which causes prices, profit, and GDP to fall e. technology displaces labor, increases labor productivity, and raises prices and profit, which stimulates firms to create even more technology