The political party that is in power determines the position and shape of the production possibilities frontier that constrains the choices of the economy
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Refer to Table 19-6. Consider the table of production and price statistics for a small economy in 2013. If the economy only produces the four goods listed below, what is GDP for 2013?
A) $428,000 B) $267,000 C) $24,000 D) $1,424
Economics
Which of the following is a drawback of FDIC insurance?
A. FDIC insurance leads to excess industry profits. B. FDIC insurance has failed to arrest the trend of bank failures. C. FDIC insurance leads to the problem of moral hazard. D. FDIC insurance undercuts private insurance companies.
Economics