An inward shift in the entire production possibilities frontier
A. represents economic growth.
B. means that the economy can produce more of both goods.
C. takes place if there is an expansion in the labor force.
D. means that previous levels of production are now unobtainable.
D. means that previous levels of production are now unobtainable.
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Social Security benefits, welfare payments, and farm support payments are examples of:
A. public interest payments. B. investment spending. C. consumption spending. D. transfer payments.
The concept of ________ explains how trade between two countries can make each better off
A) absolute advantage B) autarky C) trade barriers D) comparative advantage
When economists talk about a "balance of payments" deficit, they refer to a condition in which total debits exceed total credits in the balance of payments account
a. True b. False Indicate whether the statement is true or false
Securitization is the:
a. Process of originating, bundling, packaging, and selling mortgage-backed securities to investors. b.The process of originating loans and making sure they are secure. c. The process of unbundling, storing, and then selling mortgages securities to investors. d. The process of underwriting loans with an "originate-to-hold" strategy. e. The process of underwriting loans with an "originate-to-distribute" strategy.