Under the gold standard, an outflow of gold from the United States
A. would increase the U.S. money supply.
B. would create a trade deficit.
C. would create a trade surplus.
D. would decrease the U.S. money supply.
D. would decrease the U.S. money supply.
Economics
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If all resources were perfectly adaptable for alternative uses, the production possibilities curve would
A) be bowed out. B) be bowed in. C) be a straight line. D) not exist.
Economics
If James is willing to sell an extra concert ticket for $40 and actually sells it for $100, his consumer surplus is $60
a. True b. False Indicate whether the statement is true or false
Economics