Imagine you are an entrepreneur who has made a huge profit selling Product A. However, even though Product A is still selling well, you have an
idea to produce another product, Product B. Product Ais selling 300 units
and requires very little in the way of resources and is garnering a nice profit.
Product B seems like it would do well, but your market research shows you
probably would only be able to sell 100 units. To help you decide if it's worth
putting your resources toward Product B, create a hypothetical production
possibilities curve and write a one-page essay explaining why or why not it
would be a good decision to only produce Product A or produce both.
Compare your essay and graph with a classmate's to analyze how they
have created their production possibilities curve.

As the marginal propensity to consume (mpc) increases, the multiplier remains the same. increases. decreases. as the marginal propensity to save (mps) increases, the multiplier decreases. increases. remains the same. if the marginal propensity to consume is 0.30, what is the multiplier, assuming there are no taxes or imports? round to the tenths place. given the multiplier that you calculated, by how much will gross domestic product (gdp) increase when there is a $1,000 increase in government spending? $

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.

How do communism and socialism differ in terms of the role that government plays in the economy ?