Author: Anonymous

True or False.  The government can encourage innovation guaranteeing intellectual property rights.

Select the characteristics below that most closely fit with perfect competition.

Economic resources are the

Mark all that apply.  If the fed buys bonds

True or False: A “change in quantity supplied” is a shift of the entire supplycurve to the right or to the left.

Which items will shift the productions possibilities frontier outward.

True or False.  The government can encourage innovation guaranteeing intellectual property rights.

What is the instructors name?

True or False.  Quantitative Easing is similar to traditional monetary policy.

Suppose the following data describe output in two different years: Item Year 1 Year 2 Apples 20,000 @ 25¢ each 30,000 @ 30¢ each Bicycles 700 @ $800 each 650 @ $900 each Movie Rentals 10,000 @ $1.00 each 12,000 @ $1.50 each Compute real GDP in year 2 (Enter as a numeric value e.g. 100000)