Comparative advantage is illustrated by the slopes of production possibilities frontiers
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following would be a macroeconomic question?
A) How has the price of gold increased over time? B) How has the number of commercial airline flights decreased over time? C) How have the retirement benefits in the auto industry changed over time? D) How has inflation increased over time?
Which types of poor decisions are more visible to a decision maker's supervisor?
a. Agreeing to undertake an unprofitable project b. Deciding not to undertake a profitable project c. Deciding not to undertake an unprofitable project d. Deciding to investigate a proposed project until one is certain
The globalized AS/AD model relates:
A. directly to tradable and indirectly to non-tradable goods. B. directly to both tradable and non-tradable goods. C. to tradable goods only. D. to tradable services only.
If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $566.14 for 5 years, the internal rate of return is
A. 0%. B. 10%. C. 15%. D. 5%.