The production possibilities curve for the nation of Economagic shifts to the left. This could have been caused by:
a. an increase in Economagic's labor supply.
b. innovation in the production of goods in Economagic.
c. a war that destroyed some of Economagic's resource base.
d. unemployment among Economagic's workers.
e. Economagic's choice of more consumption and less capital last period.
c
Economics
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For which of the following goods is demand most sensitive to interest rate changes?
a. Refrigerators b. Shoes c. Corn d. Textbooks e. Motor oil
Economics
If U.S. prices increase relative to the rest of the world, we would expect:
A. net exports to increase. B. net exports to decrease. C. net exports to be unaffected. D. government spending to increase.
Economics