The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts.
Of the labeled points, only ________ are efficient.
A. W, X, Y, Z, V, and T
B. W, X, Y, Z, and V
C. T and U
D. X, Y, and Z
Answer: B
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The employment-to-population ratio is
A) 67 percent. B) 64 percent. C) 50 percent. D) 62 percent.
Exchange of developing country debt (at a discount) for private ownership of state-owned assets is called
(a) debt-equity swaps. (b) debt restructuring. (c) the Brady Plan. (d) debt-nature swaps.
The most direct opportunity cost of having large families in an LDC such as Egypt is the
a. loss of its customs and traditions b. benefit of having more hands to help on the farm c. larger tax revenues government collects from families d. sacrifice of per capita material goods and services e. political instability generated by population size
Which of the following is true?
a. When the government undertakes an activity, we can be assured that all voters will gain. b. If a government activity is favored by most citizens, it must be productive. c. If most voters oppose a government activity, it must be counterproductive. d. When voters pay in proportion to benefits received, all voters will gain if the government activity is productive.