The production possibilities frontier itself shows
A) the maximum amount of resources available at any given time.
B) combinations of goods and services that do not fully use available resources.
C) the maximum rate of growth of output possible for an economy.
D) the maximum levels of production that can be attained.
D
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Suppose a U.S. citizen purchases a one-year Norwegian bond that yields 10 percent interest. Between the purchase date and the maturity date, the exchange rate changes from to How much was initially invested in the bond if the dollar value of the proceeds at maturity is $3,500? (roundoff up to the nearest whole number)
a. $2,916 b. $3,150 c. $3,500 d. $3,850 e. $4,200
Network organizations depend upon
A. decentralization of operating decisions to the business-unit level. B. work groups and specific projects without any formal lines of authority. C. formal lines of authority. D. intersecting lines of authority.
Quantity restrictions benefit which group the most?
A. Suppliers wanting to enter the market B. Consumers C. Government D. Existing suppliers
Joe has broken the mirror of my car. I have legal recourse to sue for damages because of
A) social costs. B) transactions costs. C) common property rights. D) private property rights.