A. it is impossible to produce more consumer goods. B. resources cannot be reallocated between the two goods. C. it is impossible to produce more capital goods. D. more consumer goods can only be produced at the cost of fewer capital goods
A. the quantities of all resources are unlimited.
B. technology is fixed.
C. some resources are unemployed.
D. there is no inflation in the economy.
Answer: B
Economics
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Which of the following countries had an unemployment rate in excess of 20% as of late 2012?
A) Ireland B) Spain C) Portugal D) Italy
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In a one-period economy
A) consumption equals disposable income. B) consumption equals disposable income plus the value of non-market work. C) savings is always positive. D) consumers may increase their consumption by borrowing.
Economics