Assuming a horizontal long-run market supply curve, which of the following statements is (are) TRUE about competitive firms in the long run?

Refer to the production possibilities frontier in the figure above. If the country moves from point a to point c, the opportunity cost of the move is

A) 30 million capital goods. B) 20 million capital goods. C) 10 million capital goods. D) 10 million consumption goods.

One of the characteristics of financial repression is

(a) negative real interest rates. (b) lack of credit rationing. (c) capital flowing to the highest rate of return. (d) all of the above. (e) none of the above.