Under what conditions is an economy's production possibilities frontier also its consumption possibilities frontier?
When the economy is self-sufficient; when there is no trade
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If there is no Ricardo-Barro effect, a government budget deficit increases
A) private savings and lowers the real interest rate. B) private savings and raises the real interest rate. C) the demand for loanable funds and raises the real interest rate. D) investment demand and lowers the real interest rate. E) the supply of loanable funds and raises the real interest rate.
A trademark is
A) a legal instrument which grants a firm the right to differentiate its product. B) a legal right to position a firm's product in high-traffic public areas such as airports and post offices. C) a distinguishing attribute such as a sign or logo that allows a firm to uniquely identify its product. D) a patent on a firm's product.