Which of the following is an example of an autonomous spending change?
A) An increase in investment caused by a technological innovation
B) An increase in consumption caused by an increase in interest income
C) An increase in tax revenue caused by a rise in GDP
D) An increase in saving caused by a rise in income
A
Economics
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What will be an ideal response?
Economics
Moving from one point on the production possibilities frontier to another ________
A) involves a tradeoff but does not incur an opportunity cost B) involves an opportunity cost but no tradeoff C) involves a tradeoff and incurs an opportunity cost D) involves no tradeoff but it does incur an opportunity cost
Economics