A depreciation of the U.S. dollar will result in an increase in aggregate expenditures in the country

A bowed outward production possibilities frontier occurs when

A) opportunity costs are constant. B) resources are not scarce. C) as more of a good is produced, producing additional units of it require greater reductions in the other good. D) the society is operating on the production possibilities frontier.

Globalization means that firms recruit top talent from the global talent pool. Globalization means that the payoffs won by the contest winners ________

A) increase in size B) do not change in size C) might increase, decrease, or not change depending on whether the demand for contests changes by more than, less than, or the same amount as the supply of contests. D) decrease in size