Which of the following is a stock variable?
A. consumption
B. savings
C. income
D. saving
Answer: B
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Which of the following would result in a movement along the production possibilities curve?
A) a fall in the unemployment rate B) growth in the capital stock C) population growth D) a change in the outputs of two goods that a society chooses to produce
In which case would people desire to borrow the most?
a. the nominal interest rate is 8% and the inflation rate is 7% b. the nominal interest rate is 7% and the inflation rate is 5% c. the nominal interest rate is 6% and the inflation rate is 3% d. the nominal interest rate is 5% and the inflation rate is 1%
What is the Portugal's opportunity cost of producing 3 bottles of wine?
Refer to the information provided in Figure 2.3 below to answer the question(s) that follow.
Figure 2.3Refer to Figure 2.3. Increasing opportunity costs are best depicted by the production possibility frontier in Panel
A. A. B. B. C. C. D. D.