A decrease in the unemployment rate from 21 percent to 17 percent can be illustrated as:
a. an inward shift of the production possibilities curve
b. an outward shift of the production possibilities curve.
c. a movement down and to the right along the production possibilities curve.
d. a movement from a point inside the production possibilities curve to a point closer to the production possibilities curve.
d
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The segments of a CMO are also called
A) tranches. B) coupons. C) obligations. D) revenues.
Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. Which of the following is the outcome with cooperation?
A) Both confess. B) Both don't confess. C) Bob confesses while Harry does not confess. D) Harry confesses while Bo does not confess.
While waiting in line to buy a cheeseburger for $2 and a drink for 75 cents, Aaron notices that the restaurant has a value meal containing a cheeseburger, drink, and French fries for $3 . For Aaron, the marginal cost of purchasing the French fries:
a. would be zero. b. would be 25 cents. c. would be 50 cents. d. cannot be determined because the information about the price of the French fries is not provided.
Because the U.S. poverty line is an absolute measure rather than a relative one, the official U.S. poverty rate:
A. fell steadily when there was economic growth that raised the incomes of low-income families. B. fell steadily when there was economic growth that caused inequality to grow among the population. C. increased steadily when there was economic growth that raised the incomes of low-income families. D. increased steadily when there was economic growth that caused inequality to decline across the population.