Refer to Figure 18.2. In autarky, the maximum amount of fishing poles that Macadamia can produce is

Explain what increases in the price of oil have done to the exploration and extraction of oil from more costly sources of oil. What are some of these more costly sources of oil, and what happens to the quantity of proven oil reserves?

What will be an ideal response?

Which of the following is an example of a change in reserve assets?

A) Toyota builds an automobile plant in Ohio. B) The Bank of Japan buys dollars. C) A citizen of Japan buys stock in Microsoft. D) A citizen of Japan buys a U.S. government bond.