Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, which country is most likely to expand its PPF to PPF1?

A) France
B) France and Germany equally
C) India
D) Germany
E) Estonia

C

Economics

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Which of the following is an example of a macroeconomic aggregate?

A) Total fixed cost faced by a firm B) Income earned by a household C) Profit earned by an entrepreneur D) The annual inflation rate

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The interest rate for primary credit is usually set ________ basis points ________ the federal funds rate. In March 2008, this gap was changed to ________ basis points

A) 50; below; 100 B) 100; above; 25 C) 100; below; 50 D) 50; above; 25

Economics