A point outside a production possibilities curve indicates
A) that resources are not being used efficiently.
B) that resources are being used very efficiently.
C) opportunity costs are constant.
D) an output combination that is unobtainable with the current resource and technology levels.
Answer: D
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Usually, a commercial bank's depositors and its owners are the same individuals
a. True b. False Indicate whether the statement is true or false
If the U.S. real exchange rate appreciates, U.S. exports
a. increase and U.S. imports decrease. b. decrease and U.S. imports increase. c. and U.S. imports both increase. d. and U.S. imports both decrease.
The figure below shows Ava's demand curve for days in the hospital. The marginal cost of an additional day in the hospital is $200. If Ava had first-dollar medical insurance, then she would choose to stay ________ day(s) in the hospital.
A. 3 B. 1 C. 2 D. 4
The entire sequence of a decline in aggregate economic activity followed by recovery, measured from peak to peak or trough to trough is a
A. long-run trend. B. potential output path. C. recurrent comovement. D. business cycle.