International trade allows a country's consumption possibilities to exceed its production possibilities.
Answer the following statement true (T) or false (F)
True
A country can consume beyond its production possibilities due to the fact that the country can purchase what it needs abroad for a lower cost than it can produce the goods, allowing it to consume more.
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Hyperinflation is
A) inflation caused by negative growth in the quantity of money. B) inflation at a rate that exceeds 5 percent a month. C) only theoretical and has never occurred in the real world. D) inflation caused by excessive growth in the demand for money. E) inflation at a rate that exceeds 50 percent a month.
The incidence of a tax depends on whether the government collects the tax from buyers or sellers
Indicate whether the statement is true or false
The value of the money multiplier will depend on the rate of interest that banks charge
a. True b. False Indicate whether the statement is true or false
In most companies, an employee must work for a number of years before qualifying for pension benefits. This process is referred to as:
A. mandatory benefit pending. B. vesting. C. regulated contribution period. D. a defined-benefit period.