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Which one of the following statements is correct?
A. Most production possibilities curves illustrate decreasing marginal opportunity costs.
B. Relative scarcity is no longer a central idea in economics because we are in an age of abundance.
C. The production possibilities curve shows society's preferences for consumer goods relative to capital goods.
D. The central concept underlying the production possibilities curve is that of limited resources.
Based on the recent success of Ontario tennis star Milos Raonic, Nike Canadawill produce new state of the art tennis racket with a red maple leaf on the strings. Mike expects to se
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Explain how inflation unemployment trade off is not feasible under adaptive expectations?
C=Ca+.95(Y-T) Ca=400-20r T=1200 + .4Y (M/P)^d = .35Y - 5r (M^s/P)=2000 Ip=1500-20r G=2200 NX=500-.06Y a. Compute the multiplier b. Derive the equation for Ap c. Derive the equatio
using the fisher equation what can you infer about expected inflation in canada and in the united states?
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the suitability of utilising a policy of tariffs and quotas given the case of perfect competition.
The number of gallons of paint that Home Depot sells in a given day is normally distributed with a mean of 150 gallons and a standard deviation of 35 gallons (I realize that the di
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