The curve that represents all possible combinations of goods that can be produced is called
A) the production possibilities curve.
B) the resource allocation curve.
C) the efficiency curve.
D) the supply curve.
Answer: A
You might also like to view...
A depreciation of one's currency means that:
a. the country's exports will become more expensive. b. the country's imports will become more expensive. c. the country's imports will become less expensive. d. it now requires less of this currency in exchange for one unit of another currency. e. it now requires more units of other currencies in exchange for one unit of this currency.
The major economic cost of growth is:
A. consumption sacrificed for capital formation. B. higher interest rates. C. higher inflation rates. D. investment in stocks and bonds.
A worker who brings both labor and human capital to her job earns
a. both the wage rate for her labor and a share in the employer's profits. b. both the wage rate for her labor and a market rate of return on her skills. c. the going wage rate for her labor, the benefits of her capital accrue to her employer's owners. d. both the going wage rate for her labor and annual bonuses based on the level of profits and her skills.
Which of the following will not increase the money supply in the United States?
A) lowering the required reserve ratio B) Fed purchases of government securities on the open market C) lowering the discount rate relative to the federal funds rate D) Fed sales of government securities on the open market E) none of the above