The figure above illustrates that if this country wishes to have F2 - F1 additional food by moving from point A to point B, it will
A) have to find additional workers, because the country already is operating on its production possibilities frontier.
B) be unable to do so until additional technological progress is made.
C) have to sacrifice C1 - C2 clothing in order to free the resources necessary to produce the additional food.
D) require that all the unemployed resources in the country be put to work.
C
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One way to allocate 1,000 (stadium capacity) football tickets priced at $20 to 2,000 would-be buyers is to
a. put the tickets on sale for half price b. increase market efficiency c. make the tickets available to more people at the low price d. use a price ceiling to ensure that the market will remain in equilibrium e. implement a ration coupon system
If a bank receiving a new deposit of $300,000 would be able, as a result, to increase their lending by at most $225,000, then the reserve requirement equals:
a. 50%. b. ?25%. c. ?40%. d. 75%.
If the level of excess reserves in the banking system drops suddenly, we might expect that the:
A. required reserve ratio would fall. B. federal funds rate would rise. C. discount rate would rise. D. prime rate would fall.
For the United States, U.S. direct foreign investment abroad is more significant than foreign investment in U.S. securities and currency
Indicate whether the statement is true or false