The total value of all outstanding federal government securities is
A. total personal wealth.
B. the budget deficit.
C. a flow variable.
D. none of these.
Answer: D
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Refer to the figure below. 
The dominant strategy for Row Resorts is to ________, and the dominant strategy for Column Cruises is to ________.
A. keep rates high; offer reduced rates B. offer reduced rates; keep rates high C. offer reduced rates; offer reduced rates D. keep rates high; keep rates high
The use of money adds to wealth because it tends to increase people's
A) options. B) risks. C) costs. D) expenditures. E) elasticity of demand.
All possible efficient allocations of 2 goods between 2 people are located on
A) the indifference curve. B) the contract curve. C) the production possibilities frontier. D) the budget line.
Refer to the above figure. Assume that only two goods can be produced in the economy. Which of the following statements is TRUE?
A) Points a, b, and c are all obtainable points of production. B) Points a and b are obtainable points of production. C) Points b and c are obtainable points of production. D) Only point b is an obtainable and efficient point of production.