Author Question: If a country has a bowed out (concave to the origin) production possibility frontier, then ... (Read 94 times)

tth · **on:** Jun 30, 2018

If a country has a bowed out (concave to the origin) production possibility frontier, then production is said to be subject to

A) constant opportunity costs.
B) decreasing opportunity costs.
C) first increasing and then decreasing opportunity costs.
D) increasing opportunity costs.

Question 2

A flexible exchange rate system crisis involves

A) a revaluation of the currency.
B) a rapid and uncontrolled depreciation of the currency.
C) a decrease in the dollar value of the country's international debt.
D) a sure political collapse of the ruling government.
E) All of the above.