A point outside the production possibilities frontier
a. represents unemployment of resources
b. represents full employment of resources
c. would not represent an efficient combination of goods
d. cannot be reached using the available technology
e. is less desirable than one that lies inside the frontier
D
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An advantage to a developing nation of fixed exchange rates is that it's:
A) easier for the central bank to print money to finance its deficit. B) harder for the central bank to print money to finance its deficit. C) easier to conduct fiscal policy. D) harder for the government to raise taxes.
One uniquely American aspect of central banking is that: a. the United States has 12 central banks rather than one
b. the Federal Reserve is a private institution with no governmental supervision. c. the dual banking system created two parallel central banks. d. the U.S. Treasury runs the Federal Reserve as an extension of the Executive Branch.