In terms of a nation's production possibilities frontier, what impact does international trade have?
A) International trade shifts the nation's production possibilities frontier outward.
B) International trade shifts the nation's production possibilities frontier inward.
C) International trade allows the nation to consume at a point outside its production possibilities frontier.
D) International trade shifts the production possibilities frontier outward for the goods that are exported and inward for the goods that are imported.
E) International trade shifts the production possibilities frontier outward for the goods that are imported and inward for the goods that are exported.
C
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Changes in real planned investment spending have
A) an inverse relationship to changes in the interest rate. B) no identifiable relationship to changes in the interest rate. C) a direct relationship to changes in the level of household savings. D) a direct relationship to changes in interest rates.
With price sensitivity in mind, who would you expect to be more likely to purchase food at the movie concession counter?Click to view larger image.
a. those who attend matinees b. those who attend evening movie showings c. those who attend matinees and those who attend evening movie showings are equally likely to purchase concessions d. it is not possible to determine the answer to the question with the information given