In the above figure, the production of 75 ukuleles and 75 guitars is
A. full employment production.
B. impossible production.
C. inefficient production.
D. efficient production.
Answer: B
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Privatization requires
a. transparency b. the training of competent managers c. the installation of adequate facilities for transportation d. All of the answers are correct e. None of the answers is correct
Which of the following statements is most correct?
A. Money growth is the result of inflation. B. It is impossible to have high, sustained inflation without monetary accommodation. C. There is no clear link between high, sustained inflation and the monetary aggregates. D. The current rate of inflation is the result of money growth.
In Econland exports equal 15 percent of total output, while imports equal 20 percent of total output. Econland has a:
A. trade surplus. B. trade deficit. C. budget surplus. D. budget deficit.
Adjustments in ________ take the economy from the short-run equilibrium to the long-run equilibrium.
A. imports and exports B. interest rates C. wages and prices D. the multiplier