A point outside a society's production possibilities curve is one that is
A) unattainable given the resources of the society.
B) technologically inefficient.
C) undesirable given the implied underemployment of resources.
D) desirable since it satisfies the desires of the population.
Answer: A
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Suppose you borrow $2,000 for one year and at the end of the year you repay the $2,000 plus $110 of interest. The expected inflation rate was 2.2% at the time you took out the loan, but the actual inflation rate turned out to be 3.3%
What was the actual real interest rate you paid? A) 2.2% B) 3.3% C) 5.5% D) 8.8%
The fee simple form of land ownership in the United States was of English origin
Indicate whether the statement is true or false
By definition, M1 includes:
a. savings accounts. b. money market mutual accounts. c. small denomination time deposits. d. checkable deposits.
The argument that the minimum wage law has significantly increased teenage unemployment is not supported by recent statistical analysis
a. True b. False Indicate whether the statement is true or false