A point outside the production possibilities frontier
a. represents unemployment of resources
b. represents full employment of resources
c. would not represent an efficient combination of goods
d. cannot be reached using the available technology
e. is less desirable than one that lies inside the frontier
D
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Over the past 20 years, foreign financial investment in the United States has
A) increased significantly. B) decreased significantly. C) remained fairly consistent. D) become negative.
The principal-agent problem:
A. is when the principal has more information than the agent. B. is when the agent is tempted to put in more effort than the principal would like. C. is commonly seen in the employer-employee relationship. D. is when the principal and agent have the same objectives.
What are the merits and demerits of unemployment compensation as a built-in stabilizer? Can you think of any changes in unemployment compensation that might improve its effectiveness as a stabilizing technique?
What will be an ideal response?
The aggregate supply-aggregate demand diagram relates various levels of
A. imports and exports of goods against exchange rates. B. all prices as measured by the CPI and production as measured by real GDP. C. the price and quantity of a particular good. D. production of two different goods.