The CPI in 2010 was 218, while the CPI in 1980 was 82. If you had $5,000 in 1980, its equivalent purchasing power in 2008 would be $10,850

The production possibilities frontier itself illustrates

A) all goods that can be produced by an economy. B) the combination of goods and services that can be produced efficiently. C) all goods and services that are desired but cannot be produced due to scarce resources. D) all possible production of capital goods.

Import quotas have a negative impact on poor nations because they make it difficult for poor nations to

A. Receive foreign aid from rich nations. B. Sell agricultural goods to each other. C. Sell agricultural goods to rich nations. D. Develop a pro-business environment.