Which of the following will enable a nation to obtain a combination of consumer goods and capital goods outside its production possibilities curve?
A. Full employment.
B. International specialization and trade.
C. Full production.
D. Productive efficiency.
Answer: B
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The basic reason why farm prices have declined has been that _________________________.
Fill in the blank(s) with the appropriate word(s).
Global capital markets have which of the following characteristics
A) ease of entry. B) many sellers. C) very competitive. D) all of these choices characterize this market.
Why should a system of marketable pollution permits lead to less costly pollution abatement than a command-and-control system?
What will be an ideal response?
The wage rate increases in a purely competitive industry. This change will result in a(n):
A. Decrease in average total cost for a firm in the industry B. Decrease in average variable cost for a firm in the industry C. Increase in the marginal cost curve for a firm in the industry D. Increase in short-run supply curve for a firm in the industry