Refer to the information provided in Figure 2.3 below to answer the question(s) that follow.
Figure 2.3Refer to Figure 2.3. Increasing opportunity costs are best depicted by the production possibility frontier in Panel
A. A.
B. B.
C. C.
D. D.
Answer: A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Quota holders receive a higher price in the domestic market than they receive in the world market, thereby receiving higher profits
a. True b. False Indicate whether the statement is true or false
According to John Maynard Keynes,
a. the demand for money in a country is determined entirely by that nation's central bank. b. the supply of money in a country is determined by the overall wealth of the citizens of that country. c. the interest rate adjusts to balance the supply of, and demand for, money. d. the interest rate adjusts to balance the supply of, and demand for, goods and services.
______ is what customers are WILLING to pay for marginal benefit of a product
A. Equibrium B. Price C. Value D. Utility