The bowed shape of the traditional production possibilities curve reflects the negative side effects of economic growth. fact that not all resources are equally well-suited to producing all goods. costs of unemployment. problems of inequality.

The tuition jumps from $\$ 0$ to $\$ 8,000$ per grade. As a result, the quantity demanded of schooling falls as a movement up the schooling demand curve. the demand for schooling falls. wages grow with schooling at a slower rate. people stay in school longer.

Wage rates in different labor markets differ because: A a. workers are always willing to relocate to receive higher wages. A B b. nonmoney aspects of jobs are irrelevant. B C c. there are differences in worker's MRP. c D d. All of the above. D

True or False? After the purchase, the guest can earn points by scanning or manually entering the barcode on their receipt. The guest can do this up to 30 days after purchase. Answers A True B False

Once the patent expired on the inhaler, what do you think happened to the price of the medication? Edit View Insert Format Tools Table

When delivering an order to a guest in the café, which of the following is NOT a part of our delivery step? Answers A Use the guest's name. B Confirm the order. B C Take the payment. C D ) Thank the guest.

5. Other nations allowed Japan to set up economic barriers to protect its struggling industries from competition after World War II Some economists believe that trade barriers are harmful to all nations in the long term. From what you know about Japan's present trade barriers against U.S. products, do you agree with this theory? Explain your answer in one paragraph.

Create a scenario in which either supply or demand would shift out of equillibrium , then explain how the market price and quantity are affected by this shift.

Real business cycle theory suggests the business cycle is caused by: A) discretionary monetary policy. B) fluctuations in the rate of productivity. C) "animal spirits." D) protectionism.

The market in which people use one currency to purchase another currency is known as __ a. the foreign exchange market b. barter marker c. foreign market d. exchange market

The MP curve gives the relationship between the A. real interest rate and aggregate output. B. nominal interest rate and aggregate output. C. real interest rate and the inflation rate. D. nominal interest rate and the inflation rate.