The production possibilities curve shows various combinations of two products that an economy can produce when there is full employment and economic efficiency.
a. true
b. false
Ans: a. true
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Social returns to education are likely to be highest at the
a. primary level in mid-income countries b. secondary level in low-income countries c. tertiary level in high-income countries d. primary level in low-income countries
Inflation can occur under conditions of full employment
A) only if the central bank continues to inject money into the economy and the agents' expectations of inflation are supported by the bank's activities. B) only if the central bank continues to inject money into the economy. C) only if the central bank continues to withdraw money from the economy. D) only if the central bank continues to inject money into the economy and all agents expect that inflation will not occur. E) only if the central bank fails to inject money into the economy.
The predecessor of TANF was Aid to Families with Dependent Children
a. True b. False
Based on the analysis of Alice Hanson Jones, what colonial region showed the most unequal distribution of wealth?
a. New England. b. Middle Colonies. c. South. d. Distribution was similar in all colonies.