The human consequences of the Great Depression included
a. homeless families.
b. closed factories.
c. bankrupt farmers.
d. soup lines.
e. all of the above conditions.
e
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Explain the impact, if any, of each of the following on the production possibilities curve:
a. Europe's population fell by 30 to 60 percent following an outbreak of bubonic plague, also known as Black Death, in the fourteenth century. b. In the next 20 years, a sizeable proportion of the United States labor force is expected to include many people who are above the age of 65 . c. Canada recently discovered large reserves of shale gas (shale gas is natural gas that is trapped in fine-grained sedimentary rock).
In the short run, finding the optimal amount of variable input involves which relationship?
A) MP = MC B) AP = MP C) MP = 0 D) MRP = MFC