Mutual funds give individual investors a low-cost way to diversify

The figure above shows a production possibilities frontier. In the figure, the economy faces a tradeoff when ________ cell phones and ________ DVDs. are produced

A) 2 million; 9 million B) 4.5 million; no C) 3 million; 8 million D) 5 million; 15 million E) 3 million; 9 million

An increase in saving

A. decreases the amount of resources available for investment. B. increases the amount of resources that can be devoted to the purchase of capital goods. C. reduces real GDP by decreasing consumption. D. increases a country's present standard of living.