The table above shows a nation's production possibilities frontier. If the nation wants to produce 4 robots and 34 pizzas,
A) the nation will be producing inefficiently.
B) the opportunity cost is 9 pizzas.
C) it will shift the production possibilities frontier.
D) it will be unable to do so because the production point is unattainable.
E) the nation will then be producing at a production efficient point.
D
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If the economy is fully employed, which of the following is true?
A) The price level equals 100. B) Real and nominal GDP are equal. C) Real and potential GDP are equal. D) The unemployment rate is zero. E) Real GDP cannot increase.
135. In the early 2000s, the government passed laws requiring banks and mortgage brokers to disclose the terms of home loans. This action by the government was an attempt to:
A. solve the information asymmetry problem, but did not work as intended. B. solve the information asymmetry problem and led to an improvement in the housing market. C. screen out risky or shady banks and mortgage brokers. D. signal to consumers that the government cared about the value of their homes.
Which of the following financial institutions reported the largest bankruptcy in U.S. history in September 2008?
a. Morgan Stanley b. Goldman Sachs c. Lehman Brothers d. JP Morgan Chase e. Barclays Capital
Direct controls are considered inefficient because all firms are forced to pay the same costs
a. True b. False Indicate whether the statement is true or false