Data Tour * Question Completion Status: TV omist A

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Data Tour * Question Completion Status: TV omist A. A PPF with constant or decreasing opportunity cost "There is no such thing as a free lunch." B. A PPF with increasing opportunity cost V Although increased government investments in C. A normative microeconomics statement infrastructure saved or created 1.1 million jobs in construction industry and 400,000 jobs in D. Perfectly elastic demand manufacturing by March 2011, the U.S. unemployment rate for the month was still Equilibrium price for the item can increase, decrease, E. or remain the same. 8.8% F. A positive macroeconomics statement. A downward sloping curve that is bowed outward G. The Law of Diminishing Marginal Utility Represents a situation where it is possible to H. The Budget Constraint shifts inward v increase production in one area without reducing 1. The Budget Constraint line rotates clockwise in another Each time a choice is made opportunity costs are If Hurricane Harvey reduces both demand and J. incurred. supply of natural gas K. Negative marginal utility The difference between the maximum price a v person is willing and able to pay and the actual L. A situation of no-exchange. Save All Answers V it to save and submit. Click Save All Answers to save all answers.
to on in one area without reducing in another H. The Budget Constraint shifts inward 1. The Buget Constraint line rotates clockwise If Hurricane Harvey reduces both demand and J. Each time a choice is made opportunity costs are incurred. supply of natural gas K. Negative marginal utility The difference between the maximum price a person is willing and able to pay and the actual L. A situation of no-exchange. price he/she paid M. Increase price to raise revenue Price elasticity of demand for good X is 2.5 N. Productive inefficient - A small increase in price of a good reduces quantity demanded to zero 0. Equilibrium price for the item will necessarily increase P. consumer's surplus Total utility declines as the quantity consumed of a good increases Q. Decrease price to raise revenue Income declines R. A society that produces at a point above its PPF. S. Perfectly inelastic demand Sau Save All Answers uumit Click Save All Answers to save all answers.