Scarcity is illustrated graphically by a production possibilities frontier.

Investment in education in the HPAE was ________ in ________

A) low; primary schools B) high; primary schools C) low; primary and secondary schools D) high; primary and secondary schools E) high; university education

If a bank is selling Russian rubles (RUB) for $0.16, then the implied ruble price of the dollar is RUB 6.25

a. True b. False Indicate whether the statement is true or false