Answer:
incentives, trade-offs, opportunity cost, marginal thinking, and the principle that trade creates value.
Explanation:
<span>A rapid increase in the money supply may lead to a "Deflation"
Hope this helps!
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Answer:
The maximum amount of good Y produced will be 960.
Explanation:
Smallville has a linear production possibility frontier in the production of good X and good Y.
It can produce 6 of X per hour or 8 of Y per hour.
It has 240 hours of labor and divides labor hours equally between the production of good X and good Y.
It means that both good X and good Y get 120 hours of labor each.
The amount of good Y produced in 120 hours
=
= 960 units
Answer:
Option A is correct
Explanation:
Breakpoint are the investment packages at which agents offer investors sales charge discount that is the more you invest, the greater the discount on sales charge which the investor is entitled to.
If the critical value is the only thing of interest, then this question is quite easy. Referencing a z table, you look up the percentage of interest: in this case, we must be 97.5% certain in order to accept the null hypothesis (significance level =2.5%. The number that corresponds to .9750 on the z table is 1.96. This is our critical value.