A productive efficient society
A) produces at a point on its PPF.
B) can produce more of one good only by giving up some of another good.
C) cannot produce unlimited amounts of a good.
D) still has to make choices.
E) all of the above
E
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The United States has approximately
A. 100,000 businesses. B. 5.1 million businesses. C. 14 million businesses. D. 30 million businesses.
Robert applied for health insurance but did not mention in the application form that his family has a history of heart ailments that are considered to be hereditary. What will happen if several customers like Robert purchase the insurance?
What will be an ideal response?
What is meant by “beaten path?” How does it influence immigration decisions?
What will be an ideal response?
Which is a characteristic of a public good?
A)non—excludability B)excludability C) rivalry among firms D) no free-rider problem