The Institutional Possibilities Frontier measures:
a. productive potential
b. the production possibilities frontier
c. the tradeoff between private order and dictatorial disorder
d. the dictator's opportunity costs
e. the tradeoff between private markets and dictatorial orders.
E
Economics
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The equation of exchange states that
A) saving equals investment. B) gross domestic product equals the money supply multiplied by its velocity. C) increases in money supply cause decreases in velocity. D) increases in money supply cause increases in velocity.
Economics
Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $10. What does total revenue equal when quantity equals 4?
A) $4 B) $6 C) $36 D) $40
Economics