(Figure: Guns and Butter) Look at the figure Guns and Butter. On this figure, points A, B, E, and F:
A) show that the opportunity cost of more guns increases but that of more butter decreases.
B) indicate that society wants butter more than it wants guns.
C) indicate constant costs for guns and increasing costs for butter.
D) indicate combinations of guns and butter that society can produce using all of its
factors efficiently.
D) indicate combinations of guns and butter that society can produce using all of its
factors efficiently.
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Which of the following would increase the demand for U.S. dollars in the foreign exchange market?
a. the spending of U.S. tourists in France b. the purchase of Japanese automobiles by American consumers c. the sale of U.S. computer equipment to a Canadian buyer d. the purchase of a Mexican shoe factory by a U.S. investor
A World View titled "Export Ratios" examines the openness of trade for several countries based on the trade to GDP ratio. Of the countries listed below, which exports the least (as measured as a percentage of GDP)?
A. United States. B. Canada. C. United Arab Emirates. D. Belgium.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30
Poorly timed discretionary policy can do more harm than good. Getting the timing right with fiscal policy is generally
A) less difficult than with monetary policy. B) far less difficult than with monetary policy. C) more difficult than with monetary policy. D) about the same difficulty as with monetary policy.