Multiple Choice 1. Equilibrium a. is a concept unique to economics. b. always occurs where supply equals demand. C. results when opposing forces fail to cancel each other out. d. indicates balance. e. all of the above

1. The equilibrium price of a good is determined by the intersection of its supply and demand curves. We can know everything about a goods cost of production( that, is we can know its supply exactly) yet still not know where the demand curve will intersect the supply curve

Multiple Choice If one person can perform a task in fewer hours than another, you know the person has in performing the task. a. an absolute advantage. b. a comparative advantage. C. both a comparative advantage and an absolute advantage. rd. neither an absolute nor a comparativ advantage

This chapter introduces comparative advantage and shows that having people specialize in the production in which they are relatively more efficient allows the production of more of everything. It introduces the production possibilities curve and develops the production possibilities model to show precisely how specialization enhances the productive capacity of an economy

(1)国民生产总值的核算方法 (2)国民收入核算中的其他总量 (3)国民收入核算中的恒等关系

一、两部门、三部门和四部门模型中的国民收 入的构成; 二、GDP指标体系; 三、GDP的核算方法; 四、GDP指标的缺陷

Actual Structural and Cyclical Budget Deficits Government Debt Displaceste Capital T-260

Inflation Is a Fundamental Constraint on Economic Policy

Increases Affect Aggregate Supply?OSt How Do Growth in Potential Output and Ce

EC并NOM|CS U.S. Net Exports Turned Sharply Negative in 1980S