Answer:
The correct answer is c. is based on simplifying assumptions, but is still useful for illustrating scarcity, opportunity cost, and economic growth.
Explanation:
The production possibilities frontier (FPP) is a graphic representation of the maximum quantities of production that an economy can obtain in a given period using all the resources it has available.
In an economy that has thousands of products, the alternatives to produce one good or another and how much of each are very large. When an alternative is chosen, it means that other possibilities are being renounced. The relationship between what we choose and what we give up is the opportunity cost.
Answer:
C. By allowing the same money to be both stored as a deposit and loaned to businesses is the correct answer.
Explanation:
Answer:
To insure bank deposits.
Explanation:
After the great depression the FDIC was created to insurance bank deposits and to give stability and security to the financial system
Answer:
it enables people to use money wisely
Explanation:
this is because a specific amount of money will be provided for a specific reason
Answer:
The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization.
Explanation:
