A production possibilities curve that is bowed out represents the case of :

A production possibilities curve that is bowed out represents the case of
 
  A) constant costs.
  B) increasing costs.
  C) decreasing costs.
  D) external costs.

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Question 2 - The United Kingdom dropped out of the ERM to avoid worsening a recession.
 
  Indicate whether the statement is true or false

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Question 3 - While Africa has the largest numbers of working children, Asia has the highest proportion of working children, with an estimated one in four employed.
 
  Indicate whether the statement is true or false

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Question 4 - Which of the following correctly describes the relationship between savings, the government budget balance, and the current account?
 
  A) Private savings plus the government budget balance must equal private investment plus the current account.
  B) Private savings plus the current account must equal private investment plus the government budget surplus or deficit.
  C) Private savings plus private investment must equal the current account plus the government budget balance.
  D) Private investment must equal private savings plus the current account minus the government budget balance.