A decrease in the stock of capital will cause the
A. production possibility frontier to shift outward.
B. economy to move closer to its production possibility frontier.
C. production possibility frontier to shift inward.
D. economy to move down the production possibility frontier.
Answer: C
Economics
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A company can translate its assets into value if it effectively uses them in the marketplace. The three types of assets are tangible assets, intangible assets, and
A. preliminary assets. B. fictitious assets. C. current assets. D. human assets.
Economics
Use the above figure. If a commission regulates the above monopoly using fair-return (average cost pricing), then the industry's output will be ________ and the product's price will be ________.
A. Q1; P1 B. Q4; P1 C. Q2; P3 D. Q3; P2
Economics