A point inside the production possibilities curve illustrates a situation in which resources are not fully employed
a. True
b. False
A
You might also like to view...
The figure above shows the demand and supply of dollars in the foreign exchange market. At a price of 1.20 Brazilian reals per dollar
A) there will be a shortage of dollars. B) $120 billion dollars will be supplied. C) $40 billion dollars will be demanded. D) there will be a surplus of dollars.
Which of the following would is included as Investment Spending in aggregate demand?
A. Sandra finances her business from the sale of $200,000 of treasury securities. B. Marco buys a new building off the Santa Monica coast for his startup. C. Maria purchases $100,000 of foreign bonds. D. Allen sells the old truck he used for transporting goods.
Moving along the supply curve for labor, increases in the quantity of labor result from ________
A) diminishing returns to labor effort B) a rising cost of leisure C) a reduced preference for leisure D) more efficient recruitment of workers
All of the following are criteria used to select a forecasting technique EXCEPT:
a. the accuracy required of the forecasting model b. the time required to complete the model c. the complexity of the relationships being forecast d. the cost associated with developing the forecasting model e. all of these are criteria used to select a forecasting technique