which shows the production possibilities frontier for education and food. The opportunity cost of moving from point c to point b is _____
What will be an ideal response?
22 units of education.
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The cross price elasticities among substitute goods will be extremely high when
a. b and d b. they are very similar to each other c. people are consuming them frequently d. people consume them in equal quantities e. they are imperfect substitutes
If the U.S. has a capital account surplus, it means that
A. foreigners purchase more of U.S. assets than U.S. residents purchase foreign assets. B. U.S. exports of capital goods exceed its imports of capital goods. C. U.S. residents purchase more foreign assets than foreigners purchase U.S. assets. D. the quantity supplied of U.S. financial assets exceed the quantity demanded.
Draw and explain a diagram that illustrates the vicious circle of poverty in DVC.
Based on the following information, the value of the M1 measure of the money supply is ________ and the value of the M2 measure of the money supply is ________. AssetsBillions of DollarsCurrency20Demand deposits30Money market mutual funds80Travelers' checks5Savings deposits180Other checkable deposits20Small denomination time deposits110
A. $255 billion; $445 billion B. $445 billion; $445 billion C. $75 billion; $445 billion D. $55 billion; $425 billion