Export promotion is the policy in which industrial production is oriented towards
A. domestic consumers.
B. foreign consumers.
C. foreign producers.
D. both A and B.
Answer: B
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What is the opportunity cost of going from point C to point D?
Along the inelastic portion of a demand curve, the
A. change in price will always be less than the change in quantity demanded. B. percentage change in price will be less than the percentage change in quantity demanded. C. change in price will always be more than the change in quantity demanded. D. percentage change in price will be more than the percentage change in quantity demanded.
Which of the following statements is true about M2?
A) Its total value is smaller than that of M1. B) Apart from those assets also included in M1, it includes no assets that offer check-writing features. C) Its total value is about five times as large as M1. D) It includes large-denomination time deposits.
When determining the production possibilities curve
A) the trade-off between the goods in the economy remains constant. B) the amount of productive resources remains constant. C) the prices of the goods are used. D) the prices of resources are used.