A curve showing alternative combinations of goods that can be produced when available resources are used efficiently is known as the _____
a. circular-flow model.
b. IS-LM model.
c. production function.
d. productivity possibilities frontier. e. production possibilities frontier.
e. production possibilities frontier.
Economics
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If you split your dessert with your date, you are using a ________ allocation method
A) first-come, first-served B) sharing equally C) contest D) personal characteristics E) command
Economics
If you want to know the present value of $4,000 in two years and the annual interest rate is 5%, what formula can you use?
A) Present value = $4,000 / (0.05 ) × 2. B) Present value = $4,000 / (1 + 0.05 )2. C) Present value = $4,000 × (1 + 0.05 )2. D) Present value = $4,000 × (1 + 0.05 )/ 2.
Economics