Which of these partly accounts for the long-term growth in production in the U.S. economy?
a. An increase in government spending
b. An increase in the availability of resources
c. A reduction in federal taxes
d. A gradual but consistent increase in the price level
e. A general optimism about the future and the pioneering spirit of America
b
Economics
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Indifference curve slopes upward from left to right because consumers always prefer more of a good to less
a. True b. False Indicate whether the statement is true or false
Economics
If a firm is losing money, this implies that
a. consumers do not understand the value of the product. b. the value of the resources used to make the product is being reduced. c. the firm must go out of business immediately. d. this product cannot be produced profitably in the long run.
Economics