One of the characteristics of muscles is extensibility. This allows muscles to:
A. consume oxygen.
B. contract.
C. react to an impulse.
D. stretch.
Answer: D. stretch.
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With no international trade, a country ________ consume at a point outside of its PPF; with international trade, a country ________ consume at a point outside of its PPF
A) cannot; can B) can; can C) can; cannot D) cannot; cannot E) None of the above answers is correct because the presence or absence of international trade has nothing to do with where a country consumes in comparison to its PPF.
A movement along the MP curve ________
A) implies an automatic adjustment of the interest rate B) implies an autonomous adjustment to the interest rate C) implies an autonomous adjustment of aggregate demand D) all of the above E) none of the above
In the long run, the chief determinant of exchange rate changes is a change in
a. interest rates. b. real GDP. c. the price of gold. d. price levels.
Which of the following illustrates that at any point in time, a fully employed economy must sacrifice some amount of one good to obtain more of another good?
a. A budget line b. Macroeconomics c. Marginal analysis d. A production possibilities table e. A budget constraint