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Author Question: A bowed out PPF reflects which of the following ideas? i. Increasing opportunity cost ii. ... (Read 78 times)

Capo

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on: Jun 29, 2018
A bowed out PPF reflects which of the following ideas?
  i. Increasing opportunity cost
  ii. Resources are not equally productive in all activities.
  iii. Prices of goods increase over time.
 
  A) i and iii B) i, ii, and iii C) i and ii D) i only E) ii and iii

Question 2

If the current exchange rate is 1.00 euro per dollar and the expected exchange rate at the end of the month rises to 1.20 euros per dollar, then the demand for dollars ________ because people expect holding of dollars to become ________ profitable.
 
  A) decreases; more
  B) increases; less
  C) increases; more
  D) does not change; neither more nor less
  E) decreases; less


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memslove

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

C

Answer to Question 2

C


Capo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bdobbins

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Reply 3 on: Yesterday
Wow, this really help

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