Exhibit 13-1 
-The movement from x to x' in Exhibit 13-1 represents a(n)
A) increase in roundabout production; future ability to produce consumer goods will be higher as a result
B) increase in roundabout production; future ability to produce consumer goods will be lower as a result
C) decrease in roundabout production; future ability to produce consumer goods will be higher as a result
D) decrease in roundabout production; future ability to produce consumer goods will be lower as a result
E) decrease in roundabout production but one that does not have an effect on future ability to produce consumer goods
Correct Answer:
Verified
Q3: Because present consumption is more highly valued
Q6: Most companies that sell CDs by mail
Q7: Saving is
A)helpful for production but not necessary
B)not
Q10: For the typical consumer, present consumption is
A)preferred
Q11: If a person produces capital goods, she
Q12: The production of capital is a form
Q13: The opportunity cost of producing capital is
A)decreased
Q19: If an economy increases the amount of
Q31: Which of the following does not reflect
Q38: A positive rate of time preference means
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