The above table shows production points on Sweet-Tooth Land's production possibilities frontier. A movement from ________ represents the greatest opportunity cost of increasing cola production

According to economist A. P. Lerner, taking income from a wealthy individual and giving it to a poorer individual would

a. decrease the economy's total utility b. decrease the economy's investment rate c. eventually increase poverty in the economy d. lessen the incentive to work e. increase the economy's total utility

Which of the following best describes exchanges rates that are determined by the demand and supply foreign exchange in the absence of official intervention?

A) floating exchange rates B) the gold standard C) fixed exchange rates D) the Bretton Woods system