« previous next »

Author Question: Resources are a. scarce for households but abundant for the whole economy b. abundant for ... (Read 134 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?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Resources related to safety Resources related to safety
Surface Water Resources Surface Water Resources
Creating a Continental Economy Creating a Continental Economy
Natural Resources and Industry Natural Resources and Industry
Energy Resources range from inexhaustible to nonrenewable Energy Resources range from inexhaustible to nonrenewable
Resources from Rocks and Minerals Resources from Rocks and Minerals
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library