What does a production point beyond the production possibilities frontier represent?
What will be an ideal response?
A production point beyond the production possibilities frontier is an unattainable combination of products.
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When prices are rising, which of the following will be true?
A) The real interest rate will be lower than the nominal interest rate. B) The real interest rate will be higher than the nominal interest rate. C) The real interest rate will be negative. D) The nominal interest rate will be negative.
What did the HPAE do to share wealth across all levels of society?
What will be an ideal response?
Which of the following is a deficit item in the U.S. current account?
A) Toyota builds a new plant in California. B) Many U.S. residents who previously had not traveled abroad decide to make Mexico a tourist destination. C) A Saudi Arabian prince builds six new homes in California. D) Sony buys a new film studio in Florida.
In 1776, ______________ was the most populated colonial city
a. New York b. Philadelphia c. Charleston d. Boston