If the society chooses point B instead of point C,
Hypothetical Production Schedule for a Two-Product Economy
A. economic growth is more likely.
B. economic growth is less likely.
C. the chances of achieving economic growth will not be affected.
D. unemployment will result.
A. economic growth is more likely.
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Which of the following is the most efficient means of trade?
A) barter B) money C) government rationing D) the combination of barter with some government rationing
If a dollar invested in the United States yields the same return as a dollar's worth of yen invested in Japan, then it implies that:
a. purchasing power parity exists. b. the exchange market is in equilibrium. c. the dollar/yen exchange rate is fixed. d. interest rate parity exists. e. both the currencies are pegged to a fixed amount of gold.
Empirical studies indicate that the maximum amount of air pollution occurs ________ levels of real GDP per person.
A. at "middle-income" B. at the lowest C. equally at all D. at the highest
An open-market purchase of securities by the Fed results in ________ in reserves and ________ in the supply of money.
A. an increase; an increase B. a decrease; an increase C. an increase; a decrease D. a decrease; a decrease