Discrimination:
A. affects the distribution of domestic output and income, but not its total size.
B. is shown as some point outside of an economy's production possibilities curve.
C. places the economy at some point inside of its production possibilities curve.
D. affects the total size of domestic output and income but not its distribution.
Answer: C
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The fact that assets of the political opponents of the U.S. were frozen in U.S. banks
A) was challenged as unconstitutional. B) lead to an increased amount of funds being placed in Eurobanks. C) lead to a violation of the Law of One Price. D) lead to the Cold War. E) lead to a violation of Regulation Q.
"Peak pricing" involves setting lower prices at peak times so that people can afford a good or service
a. True b. False Indicate whether the statement is true or false
One reason that firms will experience increasing returns to scale is:
A. the law of diminishing marginal returns. B. the specialization of inputs as scale increases. C. there is some fixed input that isn't being taken into consideration. D. large firms may be difficult to manage effectively.
Currency devaluation is a reduction in the official pegged price of foreign exchange in terms of the domestic currency
Indicate whether the statement is true or false