If a country were to experience an increase in its factors of production, its production possibilities frontier would shift outward

The primary emphasis in U.S. national income accounts is on

a. gross national product. b. gross domestic product. c. net national product. d. personal disposable income.

For computers and other business equipment, small changes in business earnings tend to generate relatively large short-run changes in the demand for this equipment

In the long run, the responsiveness of demand for business equipment with respect to income changes tends to be: A) even more responsive. B) less responsive. C) equally responsive. D) none of the above