Long-term strategies for LDCs to enhance their economic well-being have low opportunity costs
Indicate whether the statement is true or false
F
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Explain how the production possibilities frontier illustrates scarcity
What will be an ideal response?
A corporate bond is not as liquid as cash because the bond
A) cannot be converted to spendable dollars either until it matures or is sold to another investor. B) can be exchanged only for the goods or services produced by the company that issued the bond. C) must be exchanged for a stock certificate before it can be converted to spendable funds. D) represents an exchange for gold only.
When the marginal product curve lies below the average product curve,
A. the total product curve must be falling. B. the average product curve must be rising. C. the marginal product curve must be rising. D. the average product curve must be falling.
Which of the following statements describes what most likely occurred in this economy?
a. A decrease in consumer optimism shifted AD1 to AD2.
b. A recessionary gap resulted due to the shift from RGDPNR to RGDP2.
c. There was a temporary positive shock to demand-side forces.
d. Unemployment rose above the natural rate of unemployment.