Which of the following is an advantage of using a credit card?
a. Credit cards help account holders tap directly into their checking account.
b. Credit cards help account holders get a loan from the card issuer
c. Credit cards require a PIN number, and are therefore safe.
d. Credit card holders can earn a fixed interest on their accounts.
e. Credit cards help eliminate the use of money.
b
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Who sets the rules for entitlements when spending is authorized under this category?
A) the agency involved B) the Congress when it appropriates the spending C) each individual state D) the President
Employees at Bank of America are good at providing banking services and workers at Ben & Jerry's are good at making ice cream
If some bankers are moved to making ice cream, we get a small increase in the amount of ice cream produced and a large decrease in the amount of banking services provided. If the PPF has banking services on the vertical axis and ice cream on the horizontal axis, the effect of the change reflects A) decreasing opportunity costs. B) a bowed out PPF for banking services and ice cream. C) production efficiency. D) a shift to a flatter PPF.