Which of the following will result in secular deflation?

A) a one-time rightward shift of the long-run aggregate supply curve
B) continuous rightward shifts of the aggregate demand curve
C) continuous rightward shifts of the long-run aggregate supply curve
D) a one-time rightward shift of the aggregate demand curve

C

Economics

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The value of production generated by a country's factors of production within the borders of foreign countries during a particular year was $51,000 and the production of foreign factors of production within the borders of the country during that year

was worth $80,000. Which of the following is likely to be true in this case? A) The GDP of the country equals its trade balance. B) The GDP of the country is lower than its GNP. C) The GDP of the country is higher than its GNP. D) The GDP of the country equals its GNP.

Economics

Which of the following is an example of specialization?

A) The output of workers in a chocolate factory doubled when a new manager was appointed. B) The cost of production of a light bulb making factory decreased as its capacity increased. C) Instead of a worker making an entire shoe, the total productivity increased when different workers were allotted different jobs in the production process. D) Import of better technology and machinery from developed countries greatly increased the number of laser printers that a company was manufacturing.

Economics