Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, India's most likely future PPF is ________, and France's most likely future PPF is ________
A) PPF1; PPF2 B) PPF2; PPF2 C) PPF1; PPF1 D) PPF2; PPF1 E) PPF0; PPF0
D
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Child poverty is
A. much more of a problem in France, Germany, and Japan than it is in the U.S. B. less of a problem in the United States than in Canada, Britain, or Italy. C. more of a problem in Sweden, Denmark, and Ireland than it is in the U.S. D. much more of a problem in the U.S. than in virtually all other industrialized countries.
Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed
If the government wanted to cut off all international trade without changing the quota, it could allow the quota amount of 3000 trucks in at no tariff and then charge a tariff on all imports above the quota amount. What tariff would accomplish the goal? A) $0. B) $5,000 C) $7,500 D) $10,000 E) $20,000
If banks demand currency (e.g., Federal Reserve Notes) from the central bank, the effect is to:
a. Increase the nation's monetary base. b. Decrease the nation's monetary base. c. Leave the monetary base unchanged. d. Increase the liabilities of the central bank. e. None of the above is true.
Scarcity is illustrated graphically by a production possibilities frontier.
Indicate whether the statement is true or false.