In autarky, when a community maximizes its standard of living, its consumption point is
A) below the production possibility frontier.
B) on the production possibility frontier.
C) above the production possibility frontier.
D) can't tell without more information.
B
Economics
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When the economy enters a recession, automatic stabilizers create:
a. higher taxes. b. more discretionary spending. c. budget deficits. d. budget surpluses.
Economics
If people begin to favor science fiction novels to a greater degree than previously, the demand curve for science fiction novels
A) shifts rightward. B) shifts leftward. C) stays constant. D) can shift either rightward or leftward.
Economics