The consumption possibilities curve

Assignment Help Business Economics
Reference no: EM13995318

Which of the following statements is true?

A. A nation will generally be able to consume less when it trades because of lost jobs to outsourcing

B. The consumption possibilities curve generally crosses the production possibilities curve.

C. A nation that decides to specialize and trade is no longer limited to the options shown by its production

D. The consumption possibilities curve generally lies below the production possibilities curve

Reference no: EM13995318

Questions Cloud

Approximate p-value of the test for assistance : Given this information, and assuming a normally distributed population of weights, would you feel very secure in advising management that the machine should be shut down? Use the approximate p-value of the test for assistance in formulating your  a..
Utilitarianism is a deceptively simple moral theory : Utilitarianism is a deceptively simple moral theory that has quite a bit of intuitive appeal. But it also has its share of problems. How plausible do you find this account of the right making feature of acts? Clearly and carefully explain your answer..
About colonial virginias realities and priorities : What do the Laws, Divine, Moral, and Martial reveal about Colonial Virginia’s realities and priorities? What does the list of crimes and punishments reveal about early seventeenth century’s values and assumptions?
Constant price elasticity of demand : Suppose a firm faces the demand curve which gives a constant price elasticity of demand of -2. (recall the Lerner index) 1. If the firm's marginal cost is constant at $2, what is the profic-maximizing price and quantity? 2. If the firm's marginal cos..
The consumption possibilities curve : A nation will generally be able to consume less when it trades because of lost jobs to outsourcing. The consumption possibilities curve generally crosses the production possibilities curve. A nation that decides to specialize and trade is no longer l..
University community favor the student government : A campus newspaper is examining the extent to which various segments of the university community favor the Student Government Association's recommendation that the school make the transition from Division II to Division I NCAA football. A random s..
Example of adverse selection or moral hazard : Describe whether each of the following is an example of adverse selection or moral hazard, and why.
Interval for the population standard deviation : From the magazine's findings, and assuming a normal distribution, determine the 95% confidence interval for the population standard deviation of the force required to depress the firm's aspi- rin bottle caps.
Developing a student rewards program : CASE STUDY ANALYSIS - Marketing the ‘Big Game': Developing a Student Rewards Program in College Basketball. Analyze a sport rivalry based on the elements presented in the case. Use specific language from the case to frame your thoughts

Reviews

Write a Review

Business Economics Questions & Answers

  Explain the events below using supply and demand

At a restaurant that does not take reservations, people arriving at 7:30 normally have to wait for an hour, but some people arriving at that time give money to the hostess and are promptly seated. At another restaurant that takes reservations, there ..

  What the results of the regression equation tells managers

Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitabilit

  Software developers to develop software for the platform

When the Macintosh computer was introduced in 1982, Apply made it difficult for third party software developers to develop software for the platform. In contrast, Apple made it relatively easy for third party developers to make applications that ran ..

  What are the average and marginal tax rates respectively

In 2008, XYZ Company had $1,535,000 in revenues and $1,200,000 in expenses. According to the Corporate Income Tax Table, what are the average and marginal tax rates respectively? The constant dollar cash flow is $35,000 10 years from now. What is the..

  Relationship between mankind and technology

In "Final Jeopardy" (pp. 234-242), Stephen Baker expresses an interesting look at the way technology, especially in terms of machines, could dramatically change the relationship between mankind and technology—not just helping us to locate information..

  Gun control laws for the states

You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.

  Dark corner of a trendy nightclub

An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub also is ignored by the staff.

  Explain the effect on equilibrium price and quantity

Using a supply-­ and-­ demand graph and assuming competitive markets, show and explain the effect on equilibrium price and quantity of the following:

  What is the annual effective percent rate

A bank proudly announces it has switched to continuous compounding on savings accounts and if you now make a deposit of $10,000 the value of your account will double to $20,000 in 10 years. What is the annual effective percent rate?

  Price elasticity of demand is just a number

Price elasticity of demand is just a number. Economists may not necessarily be interested in the size of this number, but whether its absolute value is greater than, less than or equal to one. Comment on this statement. Explain whether commodities th..

  Explain how these monetary concerns will affect business

As of January, 2014, the U.S. now has the first woman Chairman of the Federal Reserve. Janet Yellen is probably going to continue the Federal Reserve’s current policies. Explain how these monetary concerns will affect a small business where you are c..

  Illustrate what effect do you think this had on the yen

At the prompting of the United States, Japan relaxed the restrictions and allowed the companies to invest anywhere in the world. Illustrate what effect do you think this had on the yen/dollar exchange rate and the trade balance between the two cou..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd