Many fast-food restaurants have begun offering value meals with fruit or salad instead of French fries. If consumers find this idea attractive, the market demand for potatoes will most likely:
A. increase, which may result in short-run losses for potato growers.
B. decrease but have no effect on the profits earned by potato growers in the short run.
C. increase but have no effect on the profits earned by potato growers in the short run.
D. decrease, which may result in short-run losses for potato growers.
Answer: D
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If the real GDP of a country is substantially lower than its nominal GDP, the country experiences low inflation and unemployment
a. True b. False Indicate whether the statement is true or false
In terms of an economy's production possibilities curve, a decrease in the level of human capital, ceteris paribus, will cause
A. An inward shift of the curve. B. A movement along the curve. C. A movement from the curve to a point inside the curve. D. An expansion of the curve.