The optimal mix of output is the most desirable combination of output attainable with existing
A. Technology and business decisions.
B. Resources, technology, and social values.
C. Resources, government regulations, and technology.
D. Resources and products.
Answer: B
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Which of the following might cause a depreciation of the U.S. dollar versus the Japanese yen?
A. A recession in Japan. B. A recession in the United States. C. A greater demand for U.S. coal by Japan. D. More Japanese visitors to Hawaii.
A price floor is a legal minimum on the price at which a good or service can be sold
a. True b. False Indicate whether the statement is true or false
A change in the supply of labor will shift the long-run aggregate supply curve.
a. true b. false
Refer to the table. An increase in net exports of $10 would:
A. increase real GDP by $10.
B. increase real GDP by $30.
C. decrease real GDP by $10.
D. decrease real GDP by $30.