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Dima020 [189]
3 years ago
12

Suppose Spain produces only cars and trucks. The resources that are used in the production of these two goods are not specialize

d—that is, the same set of resources is equally useful in producing both trucks and cars. The shape of Spain’s production possibilities frontier (PPF) should reflect the fact that as Spain produces more trucks and fewer cars, the opportunity cost of producing each additional truck:
A. increases
B. decreases
C. remains constant
Business
1 answer:
Mrac [35]3 years ago
7 0
The correct answer is C. remains constant

If production costs for both are equal, then it is completely the same what the demand is great for, since the cost will always be the same for them. If people want 3 cars and 2 trucks, it will be the same as if they wanted 4 trucks and 1 car.
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Answer:

B) the government could change taxes and expenditures rapidly.

Explanation:

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Expansionary fiscal policies are carried out to try to increase total aggregate demand, but it also increases the government's deficit and national debt. The main gals of fiscal policy should be to lower unemployment rate and achieve a sustainable economic growth.

4 0
2 years ago
Jillian runs a small printing business. She spends $2000 / month on ink, $30,000 a year on rent for the building, and $60,000 a
Alexxandr [17]

Answer:

Jillian's annual economic profit on the printing business is $6,000

Explanation:

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8 0
3 years ago
A policy maker argues that congestion on the roads can be solved by private ownership of the roads. He argues that if the roads
Roman55 [17]

Answer:

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Road congestion creates externalities such as increased time for travel, more pollution in a city, more likelihood of accidents, more stress for road users.

This externaliity is caused because road users think of the private benefits that they can get from using the road but they do not take the social cost into account. We have lots of drivers on the road and non of these drivers takes cognizance of the cost that other drivers get because of this.

If road are private, congestion is going to fall and there would be excludability. But this is a public good, turning it to a private good would cause issues. Private markets benefits out is positive externalities.

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2 years ago
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vladimir2022 [97]

Answer:

The correct answer <em>is performance of original contract by all of the parties.</em>

Explanation:

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3 years ago
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having value in the marketplace

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