This topic contains a solution. Click here to go to the answer

Author Question: The concavity (bowed-out shape) of the production possibilities curve is the result of: a. the law ... (Read 107 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
The concavity (bowed-out shape) of the production possibilities curve is the result of:
 a. the law of demand.
 b. the law of supply.
 c. the law of increasing opportunity cost.
  d. complementarily in consumption.

Question 2

Which of the following statements is true with regard to the Fed's response to the economic crisis of 2008?
 a. Although the Fed lowered its interest rates to nearly zero, there are other actions it can take to improve the economy.
  b. Because the Fed lowered its interest rates to nearly zero, there are no other actions it can take to improve the economy.
  c. Since the Fed did not lower its interest rates to near zero, there are still other actions it can take to improve the economy.
  d. none of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Answer to Question 1

c

Answer to Question 2

a




asmith134

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Excellent

 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library