The figure above shows a production possibilities frontier. In the figure, which of the following combinations of the two goods cannot be produced with the current resources and technology?
A) 5 million cell phones and no DVDs
B) 1 million cell phones and 14 million DVDs
C) 4 million cell phones and 4 million DVDs
D) 3 million cell phones and 5 million DVDs
E) 2 million cell phones and 13 million DVDs
E
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Generally with bond ratings, the higher the rating, the ________ the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) higher; higher B) lower; lower C) higher; lower D) lower; higher
A market in which orders exist in large volume is said to have
A) depth. B) breadth. C) resiliency. D) efficiency.
Suppose that the bond market and the money market start out in equilibrium. Explain the process by which the interest rate and the price of bonds will change as a result of the Fed increasing the money supply
Unsolicited emails are viewed as being ______.
a. moral hazards b. free rides c. positive externalities d. negative externalities