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Author Question: Sam's production possibilities frontier has good A on the horizontal axis and good B on the vertical ... (Read 152 times)

dakota nelson

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on: Jun 29, 2018
Sam's production possibilities frontier has good A on the horizontal axis and good B on the vertical axis. If Sam is producing at a point inside his frontier, then he
 
  A) can increase production of both goods with no increase in resources.
  B) is fully using all his resources.
  C) values good A more than good B.
  D) values good B more than good A.

Question 2

Which of the following will lead to an appreciation of the U.S. dollar against the British pound?
 
  A) an increase in British demand for U.S. imports
  B) an increase in U.S. demand for British imports
  C) an increase in British interest rates
  D) a decrease in British demand for U.S. assets


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Bsand8

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


dakota nelson

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Reply #2 on: Jun 29, 2018
Thank you :)


Bsand8

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Reply #3 on: Jun 29, 2018
Happy to help you


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