If some resources were used inefficiently, the economy would operate outside its production possibilities curve
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Cyclical unemployment includes people who become unemployed from
A) normal labor market turnover. B) changes in the seasons. C) changes in international competition. D) technological changes. E) changes in the business cycle.
The larger the group, the more diffuse responsibility is
Indicate whether the statement is true or false
One reason dressing well for a job interview may not be an effective signal is
A. people who are more serious about getting a job will make the investment in a new suit. B. buying a suit takes time away from studying. C. it is costly for a person less interested in the job to buy a new suit. D. a person who has successfully completed a job-training program might be unable to afford a new suit.
The demand schedule for a good
a. indicates the relationship between the price of the good and the price of other goods. b. indicates the quantities of the good that people will buy at various prices. c. illustrates the quantity producers will provide at alternative prices. d. is determined primarily by the cost of producing the good.