On which point on the graph above should the economy operate if it wants to maximize its future production possibilities?
a. A
b. B
c. C
d. D
Ans: a. A
Economics
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If the nominal rate of interest is 2 percent, and the expected inflation rate is -10 percent, the real rate of interest is
A) 2 percent. B) 8 percent. C) 10 percent. D) 12 percent.
Economics
Engerman's (1971) studies of the Civil War (1861–1865)'s impact on industrialization
(a) support the previous work of Hacker and Beard. (b) showed that the War sped up the ongoing processes of industrialization. (c) showed that the War effort slowed down industrialization. (d) restricted the real cost of the War to the South.
Economics
The majority of American workers are employed in the manufacturing sector
a. True b. False Indicate whether the statement is true or false
Economics
Which is not considered a need?
a. food b. clothing c. shelter d. smartphone
Economics