The point where the PPF intersects the vertical axis is
A) unattainable.
B) attainable and productive efficient.
C) attainable but productive inefficient.
D) attainable and neither productive efficient nor productive inefficient.
B
You might also like to view...
Sheila and Jim live in an island where they are the only two workers. Sheila can either catch 10 fish or gather 40 pounds of berries each day, and Jim can either catch 8 fish or gather 24 pounds of berries each day. Both of them work 200 days per year. At current world prices 1 fish trades for 3.5 pounds of berries. If they open up to trade and the citizens of the island consumed 1,200 fish per year, how many pounds of berries can they consume every year?
A. 9,400 pounds B. 12,800 pounds C. 8,000 pounds D. 9,200 pounds
When firms cooperate with one another, it is generally good for the cooperating firms.
Indicate whether the statement is true or false
The true cost of borrowing is the nominal interest rate
Indicate whether the statement is true or false
The supply of U.S. dollars in the foreign exchange market originates from
A. Demand for U.S. dollars for speculative purposes. B. American demand for imported goods. C. Demand by foreigners for U.S.-produced goods. D. Foreign investments in America.