A point along a production possibilities curve shows
A. that in order to acquire more of one good, none of the alternative good must be given up.
B. that in order to acquire more of one good, some of the alternative good must be given up.
C. that any amount of goods could be produced by society if people worked harder.
D. various combinations of guns and butter that can be produced under conditions of 6 percent unemployment.
B. that in order to acquire more of one good, some of the alternative good must be given up.
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Tariffs are highest in which sector internationally?
A) Agriculture B) Energy C) Technology D) Automobiles
Under the efficient markets hypothesis, what would be the price per share of a company whose current dividend is $10.00 and whose dividends are expected to grow by 3% per year (assume the risk-adjusted interest rate is 10%)?
A) $74.62 B) $79.23 C) $142.86 D) $147.14
Employing utilitarianism as a measure of the public interest _____
a. is inconsistent with the concept of a social welfare function b. attempts to minimize the problems associated with market failure c. attempts to maximize total utility in a society d. avoids comparing individual's utilities
Fiat money has value because it
A. is backed by gold. B. can be used to buy goods and services. C. can be exchanged for precious metals at a fixed price. D. can be divided into smaller units. E. All of these responses are correct.