On a diagram of a production possibilities frontier, opportunity cost is represented by the production possibilities frontier shifting outward
Indicate whether the statement is true or false
FALSE
Economics
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What is the difference between diminishing marginal returns and diseconomies of scale?
What will be an ideal response?
Economics
The mechanism behind the inflation insulation provided by a floating exchange rate is
A) Purchasing Power Parity. B) a fixed AA curve. C) market speculation. D) tight monetary policy. E) symmetry.
Economics
The rate of interest that the Fed charges banks on loans is called the reserve rate
a. True b. False Indicate whether the statement is true or false
Economics
For which of the following goods does the income elasticity of demand most clearly exceed unity?
A. Public goods like roads and bridges B. Food grains C. Luxury automobiles D. Lifesaving drugs
Economics