National economic policies are usually set by the local government in the U.S., making it the focus of economic discussions

Moving along a country's PPF, a reason opportunity costs increase is that

A) unemployment decreases as a country produces more and more of one good. B) unemployment increases as a country produces more and more of one good. C) technology declines as a country produces more and more of one good. D) some resources are better suited for producing one good rather than the other. E) technology must advance in order to produce more and more of one good.

An increase in market demand will cause an increase in industry output in the long run because

A. new firms enter the industry. B. new firms enter the industry and all firms increase their output. C. all firms decrease their output but more new firms enter. D. no firms enter but the existing firms increase their output.