Category: Economics

The production possibilities frontier shifts inward if
A. resources are destroyed.
B. the labor force increases.
C. the capital stock increases.
D. technology improves.
E. unemployment increases.

Question 8
Which of the following is not a reason for the increased importance of logistics?
reduction in economic regulation
globalization of trade
technological advances
all of the above are reasons

Two or more states reach a legally binding agreement about how to solve a problem that crosses state lines through:
Group of answer choices
a treaty.
a bill of attainder.
statutory bargain.
a compact.

Suppose that the economy is suffering inflation. The best fiscal policy option is to:decrease government purchases.lower the real interest rate.lower tax rates.increase the investment tax credit.

The phrase “league of friendship” refers to what?
A union of Native American tribes
Britain’s relationship with the colonies
The original United States of America
George Washington’s Continental Army

Refer to Table 8-4. Consider the data above (in billions ofdollars) for an economy: Gross domestic product (in billionsof dollars) for this economy equals$2,200.$2,100.$1,600.$1,400.