The negative slope of the production possibilities frontier represents the idea
A) that free lunches are possible.
B) of tradeoffs, that in order to produce more of one good, the nation must produce less of another.
C) of unemployment.
D) of inefficient production.
E) that prices rise as less is produced.
B
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If the required reserve ratio is 5 percent, then the simple deposit multiplier is
A) 2. B) 5. C) 10. D) 20.
Given demand, the price is found where
A) consumer surplus is maximized. B) average costs equal price. C) price equals marginal revenue. D) marginal revenue equals marginal cost.
The U.S. capital market raises investment finance mainly through
a. Bank loan syndication b. Commercial bank lending c. Related party transactions d. Selling of new shares of stocks and bonds in equity markets e. None of the above
The percentage of our population below the poverty line is about _____%.
Fill in the blank(s) with the appropriate word(s).