For a hotdog vendor, the hotdog buns represents his
A) fixed input.
B) variable input.
C) sunk cost.
D) none of the above.
Answer: B
Economics
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In the long run, immigration will shift the sending country's production possibilities frontier inward. This shift will cause:
a. a larger decline in the potential output of the capitalintensive good. b. a larger decline in the potential output of the labor intensive good. c. equal declines in the potential output of both the laborintensive and the capitalintensive good. d. a decline in the potential output of the labor intensive good and an increase in the potential output of the capitalintensive good.
Economics
An economy is better off with an increase in the stock of capital
Indicate whether the statement is true or false
Economics