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
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
Q14: Goods and activities typically are more highly
Q15: Production cannot occur without
A)saving
B)government
C)a market system
D)low interest
Q17: Roundabout production occurs when
A)entrepreneurs hire others to
Q18: Another term for an investment good is
A)interest
B)savings
C)capital
D)rent
E)production
Q19: If an economy increases the amount of
Q20: The rate of time preference is positive
A)only
Q21: A profit-maximizing firm invests up to the
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