According to the Index of Economic Freedom, which of the following is the freest economy in the world?

To change the federal funds rate, the Fed

A) coordinates with banks on establishing the new rate. B) tells banks how much to charge. C) uses open market operations to change the quantity of reserves. D) changes the income tax rate on interest income. E) increases or removes money from the stock market.

Refer to the above figure. The shape of the production possibility curve indicates that production of

A) wheat is characterized by increasing costs while the production of beans is characterized by decreasing costs. B) wheat is characterized by decreasing costs while the production of beans is characterized by increasing costs. C) both goods are characterized by increasing costs. D) both goods are characterized by decreasing costs.