A production possibilities frontier shows the combinations of various goods that should be produced.

Answer the following statement true (T) or false (F)

False

Economics

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Real GDP per capita and other alternative measures of the quality of life are:

a. independent. b. directly correlated. c. poorly correlated. d. inversely related.

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Economics

Refer to the above table. The marginal utility of the 7th movie for Michael is

A. 35 units of utility. B. 435 units of utility. C. 20 units of utility. D. 15 units of utility.

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Economics

Positive economic questions

A. involve value judgments. B. address what ought to happen. C. are potentially testable. D. cannot be tested.

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Economics

The demand curve for loanable funds represents the behavior of:

A. Lenders B. Savers C. Borrowers D. Bankers

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Economics