The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier
A) attainable
B) unattainable
C) productively efficient
D) allocatively efficient
Answer: A
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Under 50 percent of Americans oppose mandatory busing
Indicate whether the statement is true or false
Which statement is true?
A. A majority of union members in the United States are members of public employees unions. B. A majority of workers in the United States are members of labor unions. C. Labor union membership is especially high in most Southern states. D. None of the statements are true.
Supply and demand provides the basic explanatory framework for constructing both microeconomic and macroeconomic models.
Answer the following statement true (T) or false (F)
The Unique Toy Company rents space by the square foot in a warehouse to store its inventory. The owner of the warehouse just doubled the rent he charges the Unique Toy Company. Everything else equal, the rent increase is likely to ________ Unique's optimal level of inventory.
A. decrease B. increase C. not change D. reduce to zero