An increase in the stock of capital will cause the
A. production possibility frontier to shift outward.
B. economy to move closer to its production possibility frontier.
C. production possibility frontier to shift inward.
D. economy to move down the production possibility frontier.
Answer: A
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The twin responsibilities of the Federal Reserve is called the:
A. dual mandate. B. double duty. C. twin spin. D. two tasks.
Which of the following would be an economic explanation of how "99ยข pricing" was developed?
a. It was a sales gimmick that sellers used to try to fool their customers. b. It was encouraged by a penny newspaper to increase the number of pennies in circulation. c. It was a scheme to let firms advertise that their prices were under some round dollar figure. d. It was a way of ensuring that sales were recorded on cash registers, thus reducing employee theft.
Individuals on opposite sides of the political spectrum typically voice opposite viewpoints on universal access and universal coverage. What is the difference between the two concepts?
a. Republicans typically support universal coverage; Democrats support universal access. b. Universal access guarantees that everyone that wants it has health insurance. c. Universal access usually requires mandatory participation; universal coverage is a voluntary system. d. Universal access means that everyone has access to medical treatment from the provider of his or her choice. e. Universal coverage guarantees that everyone will have access to health insurance coverage.
________ refer(s) to purchasing shares in a foreign enterprise largely owned and controlled by the investor.
A. Portfolio investment B. Official capital flows C. Short-term lending D. Direct investment