Economists chart the limits of resources and technology on output through_____________________?
A. production-possibility schedules
B. product-moment correlations
C. Venn diagrams
D. welfare functions
A. production-possibility schedules
B. product-moment correlations
C. Venn diagrams
D. welfare functions
A. Total spending / total consumption
B. Total consumption / total income
C. change in consumption / change in income
D. Change in consumption / change in savings
A. fixed costs
B. risk
C. opportunity costs
D. prime costs
A. efficient but inequitable
B. inefficient but equitable
C. efficient and equitable
D. a tenet of communism
A. crisis decisions
B. administrative foreign policy
C. legislative decisions
D. constructive foreign policy
A. irreversible
B. the inevitable outcome of modernization
C. a reasonable response to the declining intellectual performance that occurs after age 55
D. none of the above
A. additions to the circular flow
B. withdrawals from the economic flow
C. injections into the economic flow
D. as not affecting the economic flow