Where is the interest rate determined in the classical model?
a. In the goods market
b. In the loanable funds market
c. By the federal government
d. By the Fed
e. Where aggregate expenditure equals GDP.
B
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In the figure above, how can the economy represented by the production possibilities frontier move from point C to point F?
A) Increase the available amount of resources. B) Increase the level of technology. C) Redistribute the existing resources to produce more apples and fewer oranges. D) First move to point B and then move to point F.
Which of the following is NOT a challenge to doing business in China?
A) Issues related to the business climate, such as taxes B) The availability of credit C) Failure to protect intellectual property D) Poor infrastructure and port facilities to support export of products