Any point inside the production possibility curve is:
a. efficient. b. nonfeasible.
c. inefficient. d. optimal.
c
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Refer to Table 29-1. Use the information in the table to prepare a balance of payments account and find the value of the statistical discrepancy. Assume that the balance on the capital account is zero
What will be an ideal response?
Standby letters of credit
A) are a form of swaps. B) are a promise by a bank to lend the borrower funds to pay off its maturing commercial paper. C) are a promise by a large depositor to provide additional funds to a bank should the bank face an unexpectedly large deposit outflow. D) represent the unused balance on a bank credit card.
Other things equal, the higher the interest rate paid on term deposits, the ________ funds that are available in banks' reserve accounts and the ________ the potential for expanding the money supply
A) more; greater B) more; lower C) fewer; greater D) fewer; lower
Khan wants to see his family this upcoming summer. He knows when he will travel well in advance, and he does not care what time he flies or how long the flight takes. Khan will probably ______.
a. have to pay more for his tickets than someone flying prime daytime hours b. have to pay more for his tickets than someone flying with no advance notice c. pay less for his tickets than someone who wants a quick flight with no layovers d. pay the same amount for his tickets as anyone else flying to the same place