In 2010, many politicians argued that the deficit should be reduced at all costs but many economists countered that deficit reduction would be problematic given the state of the economy

If additional units of a good are produced at an increasing opportunity cost, the production possibilities frontier would be bowed outward (concave)

Indicate whether the statement is true or false

If a developing country institutes a currency board, it relinquishes control over having

A) monetary policy autonomy. B) exchange rate stability. C) freedom of capital movement. D) freedom of labor movement. E) all of its funds.