The easiest way for a country to obtain access to technology is through
A) promoting foreign direct investment. B) subsidizing education and training.
C) enacting policies to promote property rights. D) promoting policies to enhance saving.
A
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If producers have imperfect information about the general price level and sometimes misinterpret changes in the general price level as changes in relative prices, then
A) the short-run aggregate supply curve is vertical. B) the short-run aggregate supply curve slopes upward. C) the aggregate demand curve is vertical. D) the aggregate demand curve is horizontal.
Which of the following is false? a. If the Fed wants to expand the money supply, it could lower the discount rate
b. The discount rate is a relatively unimportant monetary policy tool, mainly because member banks do not rely heavily on the Fed for borrowed funds. c. Changes in required reserve ratios are such a potent monetary policy tool that they are frequently used. d. If the Federal Reserve wanted to induce monetary expansion, it could reduce reserve requirements, but it cannot force the banks to make loans, thereby creating new money.
Trevor can shovel a driveway in two hours or he can plow a parking lot in 30 minutes. Paul can shovel a driveway in one hour or he can plow a parking lot in one hour. Given this we know that
A bowed-outward production possibilities curve demonstrates the concept of
A. increasing opportunity costs at first but the opportunity costs steadily decrease as you move down along the curve. B. increasing opportunity costs as production shifts from the production of one good to the production of the other good. C. constant opportunity costs as production shifts from the production of one good to the production of the other good. D. decreasing opportunity costs as production shifts from the production of one good to the production of the other good.