Using a production possibilities frontier, economic growth is illustrated by a
A) point inside the curve.
B) point on the curve.
C) movement from one point on the curve to another point on the curve.
D) rightward shift of the curve.
D
Economics
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State whether the following statement is true or false AND explain why: "An increase in the interest rate paid on excess reserves will always cause an increase in the federal reserve funds rate."
Indicate whether the statement is true or false
Economics
Adam Smith's insight was that prices adjust to guide individual buyers and sellers to reach outcomes where, in many cases,
a. opportunity cost is minimized for buyers. b. scarcity is reduced for society. c. well-being of society is maximized. d. opportunity cost of production is maximized.
Economics