On a PPC model, opportunity cost occurs when…. a) There's a movement along the PPC from one point to another

b) There's a movement from a point inside the PPC towards to PPC

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

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Which of the statements is true about the values recorded in the balance sheet of a firm?