The attainable production points on a production possibilities curve are
A) the horizontal and vertical intercepts.
B) the points outside the area enclosed by the production possibilities frontier.
C) the points along the production possibilities frontier.
D) the points along and inside the production possibility frontier.
D
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As the number of substitutes for a good increases, the absolute value of its own-price elasticity
a. stays the same b. increases c. decreases d. the good becomes perfectly inelastic.
Less than 10 percent of U.S. citizens own corporate stock
Indicate whether the statement is true or false
Cash held by the public, excess reserves kept by banks, and a high required reserve ratio will increase the amount of new money created by an initial increase in excess reserves
Indicate whether the statement is true or false
Data on wages, education, and many other characteristics of the population that are available to anyone who wants to use them are called:
A) public-use data. B) primary data. C) secondary data. D) private-use data.