Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3.
B. -3/4.
C. -1.5.
D. -20.
Answer: A
You might also like to view...
Refer to Table 9-5. The required reserve ratio is 10%. What is the amount of Bolton Bank's excess reserves?
A) $30 million B) $70 million C) $100 million D) zero
Which of the following is currently a main function of the International Monetary Fund (IMF)?
A. To loan money to developing countries for specific infrastructure projects that will improve the country's standard of living B. To house the world's gold supply C. To set bilateral exchange rate values D. To loan reserves to countries that are attempting to finance temporary payments deficits
Assume there is an increase in government spending and a reduction in net taxes. With a specific money supply, the consequent:
A. contractionary impact might be lessened by the resulting increase in the interest rate. B. expansionary impact might be lessened by the resulting increase in the interest rate. C. contractionary impact might be enhanced by the resulting decline in the interest rate. D. expansionary impact might be enhanced by the resulting decline in the interest rate.
The term demand refers to
a. a collection of numbers, listing the quantities demanded at a variety of hypothetical prices. b. the information on tastes, incomes, and prices needed to determine people's desired purchases of a commodity. c. the amount of a commodity that is being purchased under current market conditions. d. the quantity purchased at each and every possible level of income.