An outward shift of the production possibilities frontier
a. reflects economic stability
b. reflects economic growth
c. reflects economic decline
d. does not relate to the state of the economy
e. is always a parallel shift
B
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Consider the currency market for British pounds and U.S. dollars. An increase in the demand for British pounds results in a(n) ________ of the pound and a(n) ________ of the dollar.
A. depreciation; depreciation B. depreciation; appreciation C. appreciation; depreciation D. appreciation; appreciation
One reason larger governments might be preferable to smaller ones is _____
a. diminishing marginal utility b. intergovernmental competition c. economies of scale d. the flypaper effect
Most commercial banks belong to the Federal Reserve System
a. True b. False Indicate whether the statement is true or false
The table below shows the weekly demand for hamburger in a market where there are just three buyers. PriceBuyer 1 Qd 1Buyer 2 Qd 2Buyer 3 Qd 3$6746597841510123211516 At a price of $6, the weekly market quantity demanded for hamburger is
What will be an ideal response?