Author Question: In autarky, when a community maximizes its standard of living, its production point is A) below ... (Read 56 times)

theo · **on:** Jun 30, 2018

In autarky, when a community maximizes its standard of living, its production point is

A) below the production possibility frontier.
B) on the production possibility frontier.
C) above the production possibility frontier.
D) Can't tell without more information.

Question 2

Current research suggests that countries that adopt a pegged exchange rate may be more vulnerable to an exchange rate crisis.

Indicate whether the statement is true or false