Points that lie beneath the production possibilities curve are:
A. unattainable but efficient.
B. attainable and efficient.
C. attainable but inefficient.
D. unattainable and inefficient.
Answer: C
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Use the following given market-for-money diagrams to answer the next question.
Curve D1 represents the
A. transactions demand for money. B. asset demand for money. C. total demand for money. D. stock of money.
Which statement is accurate concerning the early history of globalization around the time of WWI?
a. In the decades before the war, international trade decreased steadily due to the colonial system. b. In the years after the war, rebuilding international trade was hampered most by the Nazi invasion of Europe. c. After the war, Great Britain's position was so strengthened that it could convince others to lower trade barriers. d. During the war, many trading relationships were destroyed, as trading partners became military adversaries.