When an economy is producing efficiently, it is
A. Producing a combination of goods and services beyond the production possibilities curve.
B. Experiencing decreasing opportunity costs.
C. Getting the maximum goods and services possible from the available resources.
D. Producing equal amounts of all goods.
Answer: C
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The cost of producing an additional unit of a good or service that falls on people other than the producer of that good or service is the
A) marginal external cost. B) marginal private cost. C) marginal social cost. D) None of the above answers is correct.
One desirable outcome of a market economy is that it leads to a more equitable distribution of income
Indicate whether the statement is true or false
Holding the expected return on bonds constant, an increase in the expected return on common stocks would ________ the demand for bonds, shifting the demand curve to the ________
A) decrease; left B) decrease; right C) increase; left D) increase; right
The process of transforming otherwise illiquid financial assets into marketable capital market instruments is known as
A) securitization. B) internationalization. C) arbitrage. D) program trading.