In the production possibilities frontier model, an unattainable point lies
A) both on and outside the production possibilities frontier.
B) only outside the production possibilities frontier.
C) only inside the production possibilities frontier.
D) only on the production possibilities frontier itself.
E) There are no unattainable points in the production possibilities model.
B
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In 2016, Kendall Ford, an automobile dealership, spent $20,000 on a new car lift for its repair shop, $2,000 on a new copy machine for its sales division, and $600,000 on Ford Motor company stock
Unsold cars and trucks were valued at $400,000 on January 1, 2016 and unsold cars and trucks were valued at $900,000 on December 31, 2016. What is Kendall Ford's total investment spending in 2016? A) $22,000 B) $322,000 C) $522,000 D) $1,022,000
Which of the following is true?
A. A nation cannot have a comparative advantage in the production of every good. B. A nation cannot have an absolute advantage in the production of every good. C. A nation can have a comparative advantage in the production of every good, but not an absolute advantage. D. A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage.
A rise in real income will have which of the following effects on money demand?
a. The money demand curve will shift out. b. The money demand curve will not shift at all. c. The money demand curve will shift in. d. Real income has no effect on money demand.
Rexar, Inc is generating total economic profits. Considering this, which of the following statements is accurate?
a. Total revenue is equal to total costs at 0. b. Total revenue is less than total costs at 0 c. Total revenue is greater than total costs at q*. d. Total revenue is equal to total costs at q*