« previous next »

Author Question: Resources are a. scarce for households but abundant for the whole economy b. abundant for ... (Read 150 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
Resources are
 a. scarce for households but abundant for the whole economy
  b. abundant for households but scarce for the whole economy
  c. scarce for households and scarce for the whole economy.
  d. abundant for households and the whole economy.

Question 2

If real GDP increased by 2 and nominal GDP increased by 4, then output:
 a. increased and the price level increased.
  b. increased and the price level decreased.
  c. decreased and the price level increased.
  d. decreased and the price level decreased.


ghepp

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jun 30, 2018
Thank you


ghepp

  • Sr. Member
  • ****
  • Posts: 361
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Mining Mineral Resources Mining Mineral Resources
Iceland Geothermal Resources Iceland Geothermal Resources
Many households today include young adults who have not moved out of their parents’ homes (or who ... Many households today include young adults who have not moved out of their parents’ homes (or who ...
Japan’s Economy and Society Japan’s Economy and Society
Metallic Resources in the World Metallic Resources in the World
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library