Are all points inside the production possibilities frontier unattainable?
What will be an ideal response?
No, all points within the production possibilities frontier are attainable, though there are unemployed or misallocated resources at these points.
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When a person buys stock in a company, that person is buying ________, but when a person buys a bond in a company, that person is ________ the company
A) ownership; borrowing funds from B) ownership; lending funds to C) debt; lending funds to D) debt; borrowing funds from
Refer to Exhibit 2-8. If Maria and Maya each specialize in the good in which she has a comparative advantage and then engage in trade, ____________________ can consume a combination of goods that lies beyond her PPF.
 ANSWER 9.png)
If there is no change in demand that will cause a change in the price, then the supply for the good is
A. inelastic. B. perfectly elastic. C. perfectly inelastic. D. perfectly unit elastic.
Refer to the diagram. Increases in the quantity and quality of human resources and capital are best represented by a:
A. shift in the production possibilities curve from AB to CD.
B. move from Y on CD to X on AB.
C. shift in the production possibilities curve from CD to AB.
D. move from X to Z along AB.