An outward shift of a nation's production possibilities frontier represents
A) a situation in which a country produces more of one good and less of another.
B) an impossible situation.
C) economic growth.
D) rising prices of the two goods on the production possibilities frontier model.
C
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When people expect their income to be lower in the future, they will be:
A. more inclined to save. B. less inclined to save. C. unaffected in their present choices. D. People only react and change their savings decisions based on recent history.
The prisoner's dilemma is a game in which the gains from cooperation are smaller than the rewards from pursuing self-interest
a. True b. False Indicate whether the statement is true or false
Suppose that a politician tells you about a plan to create two expensive but necessary programs to build more production facilities for solar power and wind power. At the same time, the politician is unwilling to cut any other programs. Assuming the resources are already being efficiently used in other programs, where would the point the politician is trying to reach be on the production possibilities frontier?
What will be an ideal response?
If the reserve ratio is 4 percent, the money multiplier is equal to 25
Indicate whether the statement is true or false