When determining the production possibilities curve
A. the amount of productive resources remains constant.
B. the prices of resources are used.
C. the prices of the goods are used.
D. the trade-off between the goods in the economy remains constant.
Answer: A
You might also like to view...
Out of the various types of M1 (demand deposits, coins and bank notes), only demand deposits
(a) can be used to generate loans by banks. (b) serve as a medium of exchange. (c) serve as a unit of account. (d) store value.
The prisoner's dilemma game can involve:
A. only two players. B. more than two players. C. multiple organizations. D. All of these statements are true.
The Fed's objectives have remained the same since its inception
a. True b. False
Using the UIP equation to determine the spot exchange rate, assume that the expected spot rate (after one year) for euros (in terms of dollars) = $1.50, the current interest rate on euro deposits is 4.5%, and the current interest rate on dollar deposits is 5.5%. Which of the following current spot rates would satisfy the equation?
a. $1.65 b. $1.50 c. $1.485 d. $1.25