Refer to the production possibilities frontier in the figure above. Which production point indicates that resources are NOT fully utilized or are misallocated?
A) point a
B) point b
C) point c
D) point e
C
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The opportunity cost of using one’s own savings in operating a business can be determined by using
a. wage rates. b. interest rates. c. exchange rates. d. rental rates.
Write an essay on the role of the WTO in today's international economy
What will be an ideal response?
Opening trade between two nations would:
a. shift their production possibilities curves outward. b. shift their production possibilities curves inward. c. leave the production possibilities unchanged and increase their consumption possibilities. d. leave the production possibilities unchanged and decreased their consumption possibilities.
If a commercial bank holds 25 percent of deposits as reserves, then the value of money multiplier will be equal to 4
a. True b. False Indicate whether the statement is true or false