Refer to Figure 2-2. The linear production possibilities frontier in the figure indicates that
A) it is progressively more expensive to produce meat.
B) Mendonca has a comparative disadvantage in the production of meat.
C) the tradeoff between meat and vegetables is constant.
D) Mendonca has a comparative advantage in the production of vegetables.
C
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The Keynesian model of aggregate demand includes:
I. government purchases and taxes. II. consumer spending and investment spending. III. exports plus imports. a. I b. I and II c. II and III d. I, II, and III
The International Monetary Fund was created to achieve each of the following goals EXCEPT
A. lend funds to countries with international payment problems. B. monitor and offer advice on the exchange rate policies of member nations. C. encourage free convertibility of the currencies of member nations. D. finance large government infrastructure projects.