The more institutional constraints that exist in a particular society,
A) the closer the institutional PPF will lie to the physical PPF.
B) the farther out from the origin the institutional PPF will lie.
C) the closer to the origin the institutional PPF will lie.
D) the closer to the origin the institutional PPF will lie and the farther out from the origin the physical PPF will lie.
C
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The principle of minimum differentiation reflects the
A) tendency for firms to produce at minimum marginal cost in order to compete with one another. B) tendency for political parties to make themselves identical to appeal to the median voter. C) concept of minimizing the difference between total benefit and total cost to produce efficiently. D) attempt to minimize the free-rider problem.
Explain why risk can be insured against but uncertainty cannot
What will be an ideal response?
long question about BRAZIL, nominal rate = 18, expected interest = 12
What will be an ideal response?
When the government funds a project that will create jobs, the funds for the project
A) are essentially free, because the project originated in the government sector. B) will generate additional tax revenues that will pay for the project. C) will have to be either taxed or borrowed from the private sector. D) will leave private sector output and employment unchanged.