Once a point on a contract curve has been chosen,
A) it is possible to make both individuals better off.
B) it is possible to make one individual better off only at the expense of the other.
C) there is no change that would make both individuals worse off.
D) it is impossible for both individuals to have more of both goods.
B
Economics
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The current value of real GDP is
A. less than $10 trillion B. between $10 trillion and $14 trillion C. between $14 trillion and $18 trillion D. more than $18 trillion
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The depreciation of the dollar will make U.S. goods ________ to foreigners and make imports ________ for U.S. residents
A) more expensive; cheaper B) cheaper; more expensive C) cheaper; cheaper D) more expensive; more expensive
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