Which of the following countries received a loan from the IMF in November 2008?

Suppose labor productivity in France is such that one hour of labor is required to produce one gallon of wine while two hours of labor are required to produce one pound of cheese. Assuming the availability of one million labor hours, draw a constant-cost production-possibility curve for France with the quantity of cheese measured along the vertical axis and the quantity of wine on the horizontal axis. If the free-trade price of wine is two pounds of cheese per gallon, show where, with free trade, France will produce on its production-possibilities curve. Then, draw and use a trade line to illustrate how France can gain from free trade.

What will be an ideal response?

A person using a high discount rate is going to consider the concept of sustainability

A. just a fancy term oil and gas companies use to argue for increased rights to drill. B. as wise. C. as overly weighting the future. D. as unwisely focusing on the present.