A production possibilities frontier can shift outward if
A. government increases the amount of money in the economy.
B. there is a technological improvement.
C. resources are shifted from the production of one good to the production of the other gooD.
D. the economy abandons inefficient production methods in favor of efficient production methods.
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When each person specializes in producing the good in which he or she has a comparative advantage, total production in the economy
A. falls.
B. stays the same.
C. rises.
D. may fall, rise, or stay the same.
Which of the following is likely to have the most price elastic demand?
A. ice cream
B. frozen yogurt
C. vanilla ice cream
D. Häagen-Dazs ® vanilla bean ice cream
A price ceiling will be binding only if it is set
A. equal to the equilibrium price.
B. above the equilibrium price.
C. below the equilibrium price.
D. either above or below the equilibrium price.
[单选]价格上限
A. 经常由一些市场实施,这些市场如果不实施价格上限就会出现“不公正、不道德的竞争”。
B. 是可销售商品的法定最高价格。
C. 当商品的卖方成功地说服政府相信没有价格上限的市场结果是不公平的时,通常会采用价格上限。
D. 以上都对。
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