Refer to the World View article titled "North Korea's Food Shortage Grows." On a production possibilities curve between private and public goods, a decrease in military spending in an effort to increase food production could be represented as
A. A shift outward of the production possibilities curve.
B. A movement along the production possibilities curve toward more public goods.
C. A movement along the production possibilities curve toward more private goods.
D. A shift inward of the production possibilities curve.
Answer: C
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If the current price of a bond is equal to its face value,
A) there is no capital gain or loss from holding the bond until maturity. B) the yield to maturity must be greater than the current yield. C) the current yield must be greater than the coupon rate. D) the coupon rate must be greater than the yield to maturity.
Why do people hold money in the classical model?
What will be an ideal response?
When representatives vote on behalf of the people and make choices about the quantity of public goods provided,
a. the outcome is socially efficient b. the outcome is the same as if individuals had purchased the goods on the market c. they reflect the views of all people, not just the voters d. voter surveys lead to too much of the public good being bought e. government failure is a likely result
Productivity growth rates in the United States have remained fairly constant from 1948 to 2000
a. True b. False Indicate whether the statement is true or false