Which of the following is not a central bank?
a. The Bank of England
b. The Bank of Japan
c. The Bank of America
d. The Federal Reserve
c
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Which of the following is NOT true concerning a society's production possibilities frontier (PPF)?
A) It reveals the maximum amount of any two goods that can be produced from a given quantity of resources. B) Tradeoffs occur when moving along a PPF. C) Production efficiency occurs when production is on the frontier itself. D) Consumers will receive equal benefits from the two goods illustrated in the PPF.
Suppose that the cross elasticity of demand for Dell computers with respect to Hewlett Packard computers is 2.1
If Hewlett-Packard lowers its price by 5 percent, other things being equal, what will be the percentage change in the quantity of Dell computers demanded? A) 2.4 percent B) -10.5 percent C) 10.5 percent D) -42 percent