Fill in the blank(s) with the correct words. Hint: along inside outside
a. Points ________ the production possibilities frontier are possible and efficient.
b. Points ________ the production possibilities frontier are possible but not efficient.
c. Points ________ the production possibilities frontier are not possible.
Correct answers: a. along b. inside c. outside
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A simple deposit multiplier equal to four implies a required reserve ratio equal to
A) 100 percent. B) 50 percent. C) 25 percent. D) 0 percent.
An anticipated change in the money supply will result in a(n) __________ level of economic activity and a __________ price level
A) increased; higher B) decreased; higher C) unchanged; lower D) unchanged; higher
Which of the following topics is not a part of a typical scenario plan?
a. Expected changes in government intervention and regulations. b. Expected changes in country infrastructure. c. Expected changes property rights, tax policies, and risks. d. Expected changes in budgets and capital budgeting projects. e. Expected changes in corporate governance practices.
According to most experts, which of the following factors is most important in causing health care costs to rise?
A. The aging of the population. B. Rising incomes. C. Malpractice suits. D. Fee-for-service health insurance and cost-increasing technology.