As you move down the production possibility frontier, the absolute value of the marginal rate of transformation
A. increases.
B. initially decreases, then increases.
C. decreases.
D. initially increases, then decreases.
Answer: A
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If an individual moves money from a savings deposit account to a money market deposit account
A) M1 decreases and M2 stays the same. B) M1 stays the same and M2 increases. C) M1 stays the same and M2 stays the same. D) M1 increases and M2 decreases.
If you lived in Jamaica, you would know that Jamaican GDP less capital depreciation in Jamaica equals
a. Jamaican GNP b. Jamaican national income c. Jamaican NDP d. Jamaican NNP e. Jamaican net investment
Which of the following makes short-term conditional low-interest loans to LDCs?
A. World Bank B. Agency for International Development (AID) C. Agency for International Finance (AIF) D. International Monetary Fund (IMF)
In monopolistic competition, a firm has a limited degree of "price-making" ability. This means that the firm will:
A. set price above marginal cost. B. set price equal to marginal cost. C. always earn an economic profit. D. produce at minimum average total cost.