All of the following would cause the production possibilities curve to shift outward EXCEPT
A. an increase in the level of capital stock.
B. a decline in the unemployment rate.
C. an increase in the amount of labor available.
D. an improvement in technology.
Answer: B
Economics
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The marginal expenditure curve of a monopsonist
A) lies above the market supply curve. B) lies between the market demand curve and the market supply curve. C) lies parallel to the market demand curve. D) lies below the market supply curve.
Economics
Short run market supply curves are formed by adding up individual firm supply curves in the industry.
Answer the following statement true (T) or false (F)
Economics