Which of the following does not determine the position and shape of a society’s production possibilities frontier?
A. Physical resources
B. Price level
C. Skills and technology
D. Past investment in factories and in research
Answer: B
You might also like to view...
One would speak of a change in the quantity of a good supplied, rather than a change in supply, if
A) the price of the good changes. B) the cost of producing the good changes. C) prices of substitutes in production change. D) supplier expectations about future prices change.
In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then GDP increases
a. True b. False Indicate whether the statement is true or false
Suppose firms A and B both formerly emitted 200 tons of pollution per year, and are both required to reduce pollution emissions by 100 tons per year. Each of these firms are allowed to emit 100 tons per year, and these allowances are tradable. Assume that it costs Firm A $10 per ton to reduce emissions, while it costs Firm B $50 per ton to reduce emissions. If Firm A can reduce its emissions up
to 200 tons, then which of the following is true? a. Efficient emissions trading would generate 100 percent reduction in emissions, and the total cost of reducing total emission would be $6,000. b. Efficient emissions trading would result in firm A buying all 100 tons of pollution allowances from firm B. c. Efficient emissions trading would generate the same 50 percent reduction in emissions, and the total cost of reducing total emissions by 200 tons would be $2000. d. Efficient emissions trading would result in firm A buying all 200 tons of pollution allowances from firm B.
Money market mutual funds are accounts that are
A. usually offered by banks. B. do not pay interest income. C. insured by the federal government. D. usually offered by brokerage and insurance firms.