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Select all positive statements from below. Question 1Answer a. The Central Bank's decision to increase the policy interest rate is inappropriate . b. It's the
Select all positive statements from below. Question 1Answer a. The Central Bank's decision to increase the policy interest rate is inappropriate . b. It's the right time to increase the policy interest rate! c. Overall consumer debt is on the rise. d. The economy is facing many challenges at this moment. e. High inflation rates drive up necessity expenses. Suppose country A can produce 10000 tons of cheese, or 5000 bottles of wine within a month, and country B can produce 4000 tons of cheese, or 1000 bottles of wine within a month. Select all correct statements below. Question 2Answer a. Country A has absolute advantage over cheese b. Country B has comparative advantage over cheese c. Country B has absolute advantage over cheese d. Country A has comparative advantage over cheese In a country that produces cheese and wine, as the prices of cheese and wine change, the country's PPF (production possibilities frontier) will shift. Question 3Select one: True False Due to the law of diminishing returns, the PPB tends to be _________________ as we move to the right. Question 4Answer a. first steeper and steeper, then flatter and flatter b. steeper and steeper c. flatter and flatter d. constantly-sloped Which of the following can cause the PPB to shift inward? Question 5Answer a. A natural disaster b. Innovations c. Immigrates coming to this economy d. Higher productivity
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