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Linear production possibilities curves explain why a country O tries to produce both products. O specializes in one product but not the one in which
Linear production possibilities curves explain why a country O tries to produce both products. O specializes in one product but not the one in which it has a comparative advantage. O does not specialize in the product in which it has a comparative advantage. O completely specializes in one product. O becomes self-sufficient.The SEC is a governmental institution responsible for preventing securities violations. It also regulates certain investment management firms, such as mutual funds, under the Investment Act of 1940 to promote accurate financial reporting. What does SEC stand for? O Securities and Economic Commission. O Securities and Exchange Commission. O Single Equity Cooperation. O Single Equity Control. O None of these.Suppose a stock has a lower expected rate of return than a bank account. Then O there will be an excess supply of the stock and its price will rise. O there will be an excess supply of the stock and its price will fall. O there will be an excess demand for the stock and its price will rise. O individuals will choose indifferently between the stock and the bank account. O risk-averse individuals will prefer the stock.The equilibrium price of capital O is not affected by a government subsidy on the rental of capital by firms. O decreases if the government subsidizes the rental of capital by firms because the demand curve for capital shifts to the left. O increases if the government subsidizes the rental of capital by firms because the demand curve for capital shifts to the right. O increases if the government subsidizes the rental of capital by firms because the supply curve for capital shifts to the left. O decreases if the government subsidizes the rental of capital by firms because the supply curve for capital shifts to the right.Poor countries have O the same saving rates as rich countries. lower saving rates than rich countries. O frequent current account surpluses. O negative saving rates. O the same saving rates as rich countries, but a smaller volume of savings.A country located on the lower-right-hand corner of the catch-up line is O Not enough information is given. O a rich country experiencing slow growth rates. O a poor country experiencing slow growth rates. O a poor country experiencing rapid growth rates. O a rich country enjoying rapid growth rates
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