Increasing opportunity costs of producing goods imply that the production possibilities curve will be
a. downward sloping.
b. upward sloping.
c. bowed inward.
d. bowed outward.
D
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Total profit can be calculated by:
a. c and e. b. subtracting total revenue from total costs. c. subtracting total costs from total revenue. d. finding the product of the difference between average profit and average total cost and the quantity produced. e. quantity produced times the difference between average revenue and average total cost.
A consumer price index of 110 for a given year indicates that prices in that year are 10 percent higher than prices in the base year
a. True b. False Indicate whether the statement is true or false
The Millennium Poverty Goal is the United Nations' goal of reducing the global rate of extreme poverty to ________ percent by 2015.
A. 0 B. 5 C. 15 D. 10
Which of the following is an accurate statement about universal banks?
A. As in Germany, universal banks in the United States do everything under one roof, including direct investment in the shares of nonfinancial firms. B. Universal banks in the United States account for the largest share of financial intermediary assets. C. In Germany the provision of insurance, banking, and securities must be done by separate corporations. D. In Germany universal banks do everything under one roof, including direct investment in the shares of nonfinancial firms.