Part of the argument against deficits is that they
a. increase interest rates and investment.
b. increase interest rates and decrease investment.
c. decrease interest rates and investment.
d. decrease interest rates and increase investment.
b
Economics
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A country produces only apples and bananas. Moving from point A to point B along its production possibilities frontier, 5 apples are forgone and 4 bananas are gained. What is the opportunity cost of a banana?
A) 1 banana B) 5/4 of an apple C) 4 apples D) 4/5 of an apple E) None of the above answers is correct.
Economics
Which of the following is the fundamental resource that is the basis of labor?
a. capital b. natural resources c. time d. money e. entrepreneurial ability
Economics