Which of the following does not determine the position and shape of a society's PPF?
a. physical resources
b. price level
c. skills and technology
d. past construction of factories and research
b
Economics
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If the marginal propensity to save (MPS) is 0.5 and net exports falls by $100 million, then
A) real Gross Domestic Product (GDP) will increase by $100 million. B) real Gross Domestic Product (GDP) will fall by $200 million. C) real Gross Domestic Product (GDP) will not change. D) the effect on real Gross Domestic Product (GDP) cannot be determined from the given information.
Economics
On the surface, usury laws are designed to protect consumers from exorbitant interest rates
a. True b. False Indicate whether the statement is true or false
Economics