A point inside the production possibilities curve represents a combination of goods that is

A group of firms that try to work together to earn monopoly profits is called a(n)

A) patent. B) public enterprise. C) cartel. D) natural monopoly.

When the value of money is on the vertical axis, the money supply curve slopes upward because an increase in the value of money induces banks to create more money

a. True b. False Indicate whether the statement is true or false