The above figure illustrates Mary's production possibilities frontier. If Mary wants to move from point d to point c, she must
A) improve technology.
B) increase her accumulation of capital.
C) give up some of good X in order to obtain more of good Y.
D) give up some of good Y in order to obtain more of good X.
C
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Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. The GDP Price Index falls, and reserve-related (central bank) transactions become more negative (or less positive). b. The GDP Price Index and reserve-related (central bank) transactions remain the same. c. The GDP Price Index falls, and reserve-related (central bank) transactions remains the same. d. The GDP Price Index rises, and reserve-related (central bank) transactions become more positive (or less negative). e. The GDP Price Index rises, and reserve-related (central bank) transactions remains the same.
The Bitcoin:
a. Is an example of VCU1. b. Is an example of VCU2. c. Is an example of VCU3. d. Is an example of VCU4. e. None of the above because the Bitcoin is not a virtual currency.
If C = 2000 + .9YD, what increase in government spending must occur for equilibrium output to increase by 1000?
A) 100 B) 200 C) 250 D) 500 E) 1000
Patents
A. are granted for a period of 10 years in the United States. B. create monopolies and are thus efficient. C. slow the flow of benefits from research and development to consumers. D. All of the above are correct.