Use the following figure to answer the question below.
The combination of zero pounds of corn and eighty pounds of green beans is
A. efficient.
B. not attainable.
C. inefficient.
D. local.
Answer: A
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Define subsistence level. What happens if the income in an economy exceeds the subsistence level in Malthus cycle?
What will be an ideal response?
With full information, any contract will lead to production efficiency
Indicate whether the statement is true or false
Universal service may require making a service available in small communities where the limited scale of operations may make costs extremely high.
Answer the following statement true (T) or false (F)
Suppose that the real return from operating factories in Canada rises relative to the real rate of return in the United States. Other things the same,
a. this will increases U.S. net capital outflow and decrease Canadian net capital outflow. b. this will decreases U.S. net capital outflow and increase Canadian net capital outflow. c. this will only increase U.S. net capital outflow. d. this will only increase Canadian net capital outflow.