Figure 34-9
?
In Figure 34-9, Pestoland at price OA
A. is importing MN pasta from Pastaland.
B. is exporting MN pasta to Pastaland.
C. is exporting XY pasta to Pastaland.
D. is exporting OZ pasta to Pastaland.
Answer: B
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The Troubled Asset Relief Program (TARP) allowed
A) the Treasury to inject funds into commercial banks in return for stock in the banks. B) the Fed to provide funds to commercial banks in return for stock. C) the Treasury to insure bank deposits at major U.S. banks. D) the Fed to make loans to banks as the lender of last resort.
The classical model does not do a good job of explaining short-run fluctuations in the level of economic activity
a. True b. False
If the firm is minimizing losses, total loss will be
A. OMKE.
B. EKQN.
C. NQHG.
D. FIHG.
Given that resources are scarce:
A.) A "free lunch" is possible, but only for a limited number of people. B.) Poor countries must make choices, but rich countries do not have to make choices. C.) Opportunity costs always exist whenever choices are made. D.) Some choices involve opportunity costs while other choices do not.