If the country wanted to produce the maximum total number of units of guns and butter combined, it would produce at point(s) ________________.
D and E
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If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international marketplace, then
A) the cloth exporter will increase the quantity of cloth produced. B) the cloth exporter will increase the quantity of cloth exported. C) the food exporter will increase the quantity of food exported. D) the cloth exporter will decrease the quantity of cloth exported. E) the country would import more cloth.
A proportionate increase in the price level and the money wage in the classical model
a. increase labor supply. b. decrease labor supply. c. leave labor supply unchanged. d. affect labor supply but the direction of the effect is uncertain.
The labor force participation rate for women in the United States has _____
a. stayed the same over the last 30 years b. increased significantly since the 1950s c. decreased significantly since the 1950s d. fluctuated substantially both upward and downward since the 1950s e. increased only very slightly since the 1950s
Money market mutual funds: a. offer higher rates of interest than bank checking accounts, but lack check-writing privileges
b. offer higher rates of interest than bank checking accounts and also offer limited check-writing privileges. c. usually pay lower rates of interest than bank checking accounts. d. were originally developed and offered by banks to their customers. e. usually do not offer any check-writing privileges.