Given the production possibilities schedule in Table 0201A, a combination of nine televisions and four personal computers
A) is attainable but involves an inefficient use of societies resources.
B) would be attainable only if a new technology of producing televisions or computers were introduced.
C) is not attainable because it is not listed in the schedule.
D) is not attainable because society does not have enough resources to produce this combination.
A) is attainable but involves an inefficient use of societies resources.
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What are the main advantages and disadvantages of organizing a business as a corporation?
What will be an ideal response?
Which of the following statements is FALSE?
A) Economic goods are available in desired quantities at a zero price. B) A good is anything that gives satisfaction or happiness to individuals. C) Services are intangible goods such as dry cleaning, hospital care, and restaurant meal preparation. D) Wants are unlimited and include all material and nonmaterial desires.
Which of the following is consistent with the idea that high money supply growth leads to high inflation?
a. the quantity theory and evidence from four hyperinflations during the 1920's
b. the quantity theory but not evidence from four hyperinflations during the 1920's
c. evidence from four hyperinflations during the 1920's but not the quantity theory
d. neither the quantity theory nor evidence from four hyperinflation during the 1920's
Which of the following most directly reflects the law of diminishing marginal utility?
A. After watching two football games, Terry decides to watch a third game. B. A sports fan enjoys watching Monday night football rather than going to the theater. C. After watching three episodes of her favorite show, Kim decides to go bowling rather than watch a fourth episode. D. A musician receives the biggest ovation of the evening after playing the final number of a recital.