Which of the following is likely to shift the production possibilities curve of a nation rightward?
A) An increase in the education and experience of the workforce
B) An increase in the demand for the nation's exports
C) An improvement in the terms of trade that the nation faces
D) An increase in the price of raw materials used by the nation
A
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The __________ is always larger than the __________
A) yield on a discount basis; coupon equivalent yield B) yield on a discount basis; bond equivalent yield C) coupon equivalent yield; yield on a discount basis D) None of the above.
The portfolios of property and casualty insurance companies are generally concentrated in
A) liquid assets. B) mutual funds. C) primary securities. D) U.S. Treasury bonds.
The elasticity of demand for employees is -0.50. It is also estimated that the existing minimum wage (price floor) has increased the raise the wage by 25% above equilibrium wage
How much would the employment change if the price floor was eliminated? A) Employment would decrease by 12.5%. B) Employment would increase by 12.5%. C) Employment would decrease by 25%. D) Employment would increase by 25%.
The largest in-kind transfer program is:
a. Transitory Assistance to Needy Families. b. Medicaid. c. Social Security. d. SNAP (food stamps).