A country can achieve some combination of goods outside its production possibilities curve by:
A. idling some of its resources.
B. specializing and engaging in international trade.
C. buying the debt (bonds and stocks) of foreign nations.
D. producing more capital goods and fewer consumer goods.
Answer: B
Economics
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A) an elastic supply curve. B) an inelastic supply curve. C) a perfectly elastic demand curve. D) a perfectly inelastic demand curve. E) an elastic but not perfectly elastic demand curve.
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An independent variable:
A) cannot be measured. B) cannot be represented on a bar chart. C) is manipulated by the experimenter in an experiment. D) in an experiment is determined by the other variables.
Economics