Through specialization and international trade, a nation:
A. can attain some combination of goods lying outside its production possibilities curve.
B. can move from a high consumption-low investment to a high investment-low consumption
point on its production possibilities curve.
C. will only attain some combination of goods lying within its production possibilities curve.
D. will cause its production possibilities curve to shift leftward.
Answer: A
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Which of the following can be used to diagnose infections by detecting specific antibodies in a patient's serum?
a. DNA fingerprinting b. PCR c. Western blotting d. ELISA e. Western blotting and ELISA
Society can increase its output and income by increasing its
A. resources and/or the productivity of the resources. B. private and public sectors of the economy. C. spending and taxes. D. markets and prices.
A bond is
A) a legal claim to a part of a corporation's future profits that includes voting rights. B) a legal claim to a part of a corporation's future profits that does not include voting rights. C) a legal claim against a firm, providing a fixed annual coupon payment and a lump-sum payment at maturity. D) a nonlegal promise to provide an annual payment to the holder when the corporation makes profits.
Consider the production possibilities frontier displayed in the figure shown. Which of the following statements is true?
3
A. Producing at point D would be inefficient.
B. Producing at point C would be inefficient.
C. Producing at point B would be inefficient.
D. Producing at point A would be inefficient.