As more producers with differing marginal rates of transformation are added, the joint production possibility curve becomes

Which of the following is a transactions account?

a. Currency b. Travelers' checks c. A savings account d. A credit card balance e. A demand deposit

The basic difference between consumer goods and capital goods is that:

A. consumer goods are produced in the private sector and capital goods are produced in the public sector. B. an economy that commits a relatively large proportion of its resources to capital goods must accept a lower growth rate. C. the production of capital goods is not subject to the law of increasing opportunity costs. D. consumer goods satisfy wants directly while capital goods satisfy wants indirectly.