The discount rate is sometimes also known as the primary credit rate
Indicate whether the statement is true or false
True
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Xenonia and Baltonia are two neighboring countries. Xenonia can either produce 300 pounds of rice or 100 bushels of corn in a year while Baltonia can either produce 500 pounds of rice or 200 bushels of corn
Can mutually profitable trade take place between the two countries? Explain your answer.
Price discrimination often permits some consumers who otherwise would be excluded from a market to buy a good or service
a. True b. False Indicate whether the statement is true or false
Does not increase real GDP
What will be an ideal response?
Refer to the production possibilities frontier in the figure above. Which production point indicates that resources are NOT fully utilized or are misallocated?
A) point a B) point b C) point c D) point e