Points on a production possibilities curve are ________ and ________
A) inefficient; attainable
B) inefficient; unattainable
C) efficient; attainable
D) efficient; unattainable
C
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Which currency below currently serves as a dominant reserve currency?
A) European euro B) U.S. dollar C) Japanese yen D) British pound
The theory that explains the shift of color TV sets production from the United States to Japan and Taiwan is called the _____ theory
a. productivity difference b. factor abundance c. product life cycle d. preference e. human skills
A bank might make mortgages to people in different regions of the country. By doing so
a. the bank reduces the risk it faces from falling house prices in its region and falling prices in all regions. b. the bank reduces the risk it faces of falling house prices in its region but not from falling prices in all regions. c. the bank reduces the risk it faces of falling house prices in all regions, but not the risk it faces from falling house prices in its regions. d. the bank reduces neither the risk it faces from falling house prices in its region nor falling prices in all regions.
Figure 3-19
Refer to . Buyers who value this good more than price are represented by which line segment?
a.
AC
b.
CE
c.
BC
d.
CD