Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. The slope of Country A's production possibilities frontier:
A. measures the opportunity cost of trucks in terms of cars.
B. measures the trade-off that Country A face when deciding how to allocate resources.
C. is constant because the opportunity cost remains constant.
D. All of these statements are true.
D. All of these statements are true.
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The European Central Bank's Marginal Lending Facility is used to provide:
A. short-term loans at rates above the target refinancing rate. B. long-term loans to banks at rates below the target refinancing rate. C. long-term loans to banks at rates above the target refinancing rate. D. short-term loans to banks at rates below the target refinancing rate.
The saving function shows the relationship between planned real saving and
A. the marginal propensity to save. B. real disposable income. C. the average propensity to save. D. real wealth.
Unit banks are:
A. more numerous in the United States than they were in previous decades. B. banks with no branches. C. commercial banks that have combined into one unit with an investment bank. D. no longer permitted to exist in the United States.
In the expenditure approach to GDP, which of the following would be excluded from measurements of GDP?
A. Government payments for goods produced by foreign firms B. Government payments for welfare C. Government payments for goods produced by firms owned by state or local governments D. All government payments are included in GDP.