In the production possibilities frontier depicted in the figure above, which of the following combinations of hats and bananas is inefficient?
A) 4 million pounds of bananas and 4 million hats
B) 2 million pounds of bananas and 5 million hats
C) 0 pounds of bananas and 6 million hats
D) 1 million pounds of bananas and 3 million hats
D
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The variance of an investment opportunity:
A) cannot be negative. B) has the same unit of measure as the variable from which it is derived. C) is a measure of central tendency. D) is unrelated to the standard deviation.
Which set of events would most likely increase aggregate demand?
A. An increase in incomes in foreign nations and a depreciation of the dollar. B. A decrease in incomes in foreign nations and an appreciation of the dollar. C. A decrease in incomes in foreign nations and a depreciation of the dollar. D. An increase in incomes in foreign nations and an appreciation of the dollar.