All the combinations of goods and services that can be produced if all of society's resources are used efficiently are represented on an economy's
A. resource availability diagram.
B. factors of production statement.
C. allocative allotment graph.
D. production possibility frontier.
Answer: D
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If you sell a futures contract for U.S. Treasury bills and on the delivery date the interest rate of T-bills is higher than you expected, you will have
A) lost money on your long position. B) gained money on your long position. C) lost money on your short position. D) gained money on your short position.
The "Four Tigers" are frequently associated with one another because all have used
a. command-type planning to promote rapid economic growth. b. foreign trade to promote industrialization. c. high rates of saving and investment. d. none of the above. e. b and c are correct
When the government has a deficit, a burden is necessarily imposed on future generations of taxpayers
a. True b. False Indicate whether the statement is true or false
Which of the following nations experienced average rates of economic growth of a bit under 2% over the last 100 years or so?
a. Mexico b. Brazil c. the United States d. All of the above are correct.