A tradeoff is illustrated by
A) a point inside the PPF.
B) a point outside the PPF.
C) a change in the slope of the PPF.
D) the negative slope of the PPF.
D
You might also like to view...
In 1993, the debate heated up in the United States about the North American Free Trade Agreement (NAFTA), which proposed to reduce barriers to trade (such as taxes on or limits to imports) among Canada, the United States, and Mexico
Some people opposed strongly the agreement, arguing that an influx of foreign goods under NAFTA would disrupt the U.S. economy, harm domestic industries, and throw American workers out of work. How might a classical economist respond to these concerns? Would you expect a Keynesian economist to be more or less sympathetic to these concerns than the classical economist? Why?
Marginal cost
a. Is the additional cost incurred by producing and selling one more unit b. Is the total cost incurred by producing and selling one more unit c. Is the additional fixed cost incurred by producing and selling one more unit d. None of the above
A firm charging different customers different prices for the same product is engaged in:
a. Price discrimination b. Price matching c. Markup pricing d. Predatory pricing.
When considering the demand for money curve, the interest rate
A. varies negatively with the transactions demand for money. B. is independent of the opportunity cost of money. C. will have a positive relationship with the quantity of money demanded. D. is the price of holding money.