A movement along the production possibilities curve would be a result of:
A) unemployment.
B) inflation.
C) changes in prices.
D) changes in the combinations of the two goods produced.
Ans: D) changes in the combinations of the two goods produced.
Economics
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Government revenue from an excise tax of a given amount is greater when demand is relatively inelastic than when it is relatively elastic
Indicate whether the statement is true or false
Economics
In which of the following market structures with 2 identical firms do both firms produce more than the Cournot outcome?
A) Stackelberg Oligopoly B) Cartel C) Perfect Competition D) None of the above.
Economics