Au. s. firm produces sweatshirts in the first quarter of 2010 and adds them to its inventory. in the second quarter of 2010 the firm sells the sweatshirts to consumers. in which quarter(s) does(do) these transactions raise consumption?
a. the second but not the first
b. the first but not the second
c. the first and the second
d. neither the first nor the second

Why is efficiency an important economic goal?

Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage