In the above figure, the production of 25 guitars and 25 ukuleles is
A. efficient production.
B. impossible production.
C. inefficient production.
D. not possible since production always occurs along the PPC.
Answer: C
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According to the infant industry argument for trade protectionism
A) new industries are capable of competing with established rivals. B) trade barriers must be used to protect domestic workers. C) new industries need to be shielded from competition in the early stages of learning by doing. D) tariffs imposed to aid new industries should never be removed.
When the Fed buys $100 million of securities from a commercial bank the
A) required reserve ratio decreases. B) monetary base increases. C) bank's reserves decrease. D) bank is risking its depositors' money. E) money supply decreases.
How do Canada and the United Kingdom deliver healthcare and what is the problem left unresolved?
What will be an ideal response?
Which of the following changes shifts the AD curve down and to the left?
A. A decrease in corporate taxes B. A decrease in consumer confidence C. A temporary increase in government purchases D. A rise in the nominal money supply