Refer to the above figure. The shape of the production possibility curve indicates that production of
A) wheat is characterized by increasing costs while the production of beans is characterized by decreasing costs.
B) wheat is characterized by decreasing costs while the production of beans is characterized by increasing costs.
C) both goods are characterized by increasing costs.
D) both goods are characterized by decreasing costs.
C
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One of the risks of maturity transformation is that:
A) it can increase the rate of inflation. B) it reduces the profitability of banks. C) it can lead to bank runs. D) it discourages savings.
Currency crises may result from
A) central bank balance sheets with higher liabilities than assets. B) political upheaval leading to lowering exports. C) a reconfiguration of central bank balance sheets. D) speculative attacks on the currency or central banks purchasing excessive amounts of government bonds. E) depreciation of foreign reserves.
What are the different methods to measure industry concentration?
a. Four-firm concentration ratio. b. HHI index. c. Total output d. a and b only
When compared to those in poor countries, poor people in the United States receive
A. Far fewer goods and services. B. About the same amount of goods and services. C. Somewhat fewer goods and services. D. Far more goods and services.