When the interest rate falls in the money market, the quantity of money demanded ________ and the quantity of money supplied ________

Which of the following is true about the combination of mops and brooms represented by point E in Figure 1.3 and using PP1?

A. Point E is attainable only if more resources become available or technological advances are made. B. Point E is attainable if this economy uses more of its available resources. C. Point E is unattainable if this economy becomes more efficient. D. Point E is efficient now.

Refer to Figure 2-9. The opportunity cost of obtaining 10 additional toasters by moving from point B to point A is

a. 10 toothbrushes. b. 20 toothbrushes. c. 30 toothbrushes. d. zero, since the economy has the additional resources to produce 10 additional toasters.