Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced.
B. an unattainable production point.
C. what society wants.
D. the economy's optimal production point.
Answer: A
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If the implied exchange rate between Big Mac prices in the United States and the Philippines is 68 pesos per dollar, but the actual exchange rate between the United States and the Philippines is 43 pesos per dollar, which of the following would you
expect to see? A) a depreciation of the dollar B) an increase in the demand for dollars C) an appreciation of the Philippine pesos D) a decrease in the demand for dollars
What was the GATT?
What will be an ideal response?
The difference between black market and gray market activities is:
A. while neither are included in GDP, black market items are illegal and gray market items are not. B. while neither are include in GDP, gray market items are illegal and black market items are not. C. black market items are very rare and difficult to find, and gray market items are more commonplace, like babysitting. D. black market items are typically expensive items, and gray market items are not.
Which of the following can issue bonds?
A) the government B) corporations C) government agencies D) all of the above