The production possibilities curve shows different combinations of goods that:
a. can be consumed by households.
b. can be consumed by firms.
c. can be produced with the available technology.
d. are produced and consumed by firms.
e. are bought and sold in the market.
c
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Which of the following is NOT a financial asset?
A) a bond issued by Google B) Wells Fargo Bank C) a home mortgage loan D) a certificate of deposit
Suppose an individual has $100 to invest. Two assets are available. One asset will yield a return of 10%, while the other risky asset will yield 0% with probability .5 and 21% with probability .5
Suppose the investor's utility function is given by U(x) = ln(x) where x is the wealth after investing (assume she is investing for just one period). How much will she invest in the risky asset?
Trade a. can make every participating nation better off
b. makes some participating nations better off and others worse off. c. makes a participating nation better off only if the nation cannot produce that good itself. d. helps developed countries and hurts developing countries.
The total public debt as a percentage of GDP for the United States in 2011 was in the vicinity of
a. 25 percent. b. 70 percent. c. 90 percent. d. 120 percent.