In order for Ethiopia to increase its future economic growth, it must choose a point that is:
a. further along on its production possibilities curve toward the capital goods axis.
b. above its production possibilities curve.
c. below its production possibilities curve.
d. further along on its production possibilities curve toward the consumption goods axis.
a
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If a person owns 2,000 shares in a corporation which has issued 200,000 shares of stock, that person owns ____ of the company and is entitled to ____ of the dividends
a. 1 percent; 1 percent b. 2 percent; 2 percent c. 10 percent; 10 percent d. 20 percent; 20 percent
One of the benefits of the European Monetary Union is that
A. exchange-rate transaction costs and exchange-rate risks within the euro area are nearly eliminated. B. there is no reason for a crisis to hit the countries of the euro area. C. governments of the member nations are forced to maintain balanced budgets. D. governments of the member nations are free to erect trade barriers according to their needs.