A negative growth rate will cause:
a. an inward shift of an economy's production possibilities curve
b. an outward shift of an economy's production possibilities curve.
c. a movement from a point inside an economy's production possibilities curve to a point on the curve.
d. an economy's production possibilities curve to slope upward.
a
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Full employment occurs when the rate of unemployment consists of:
a. structural plus frictional unemployment. b. cyclical plus frictional unemployment. c. structural, frictional, and cyclical unemployment. d. none of these.
Which of the following would happen if a law were passed imposing a price ceiling that holds the interest rate charged on credit cards at a rate below the prevailing market rate?
a. The quantity demanded of credit card debt will decrease from its original level. b. The quantity supplied of credit card debt will increase from the original level. c. The quantity demanded will exceed quantity supplied. d. The quantity demanded and supplied of credit card debt would not change.
The formation of cartels is illegal in the United States and the European Union
a. True b. False Indicate whether the statement is true or false
A purely financial investment that does not involve any management responsibility is referred to as _____
a. portfolio investment b. foreign direct investment c. current account trading d. open account trading