Refer to Table 2-2. Assume Nadia's Neckware only produces ascots and bowties. A combination of 24 ascots and 12 bowties would appear
A) along Nadia's production possibilities frontier.
B) inside Nadia's production possibilities frontier.
C) outside Nadia's production possibilities frontier.
D) at the horizontal intercept of Nadia's production possibilities frontier.
C
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If a society is operating at a point inside its production possibilities frontier, then this society's
A) resources are being inefficiently utilized. B) production possibilities frontier will shift rightward. C) resources are being used in the most efficient manner. D) economy will grow too fast.
The official settlements account records the change in official U.S. reserves
Indicate whether the statement is true or false
An important source of short-term funds for commercial banks are ________ which can be resold on the secondary market
A) negotiable CDs B) commercial paper C) mortgage-backed securities D) municipal bonds
If the average propensity to consume is 1.0, the marginal propensity to consume is 0.8, and real disposable income increases by $100, the additional saving is
A) $0. B) $20. C) $80. D) $100.