Figure 11-2
?

As we move down the production possibilities schedule in Figure 11-2, each successive point is

A. less efficient.
B. more efficient.
C. equally efficient.
D. more or less efficient; we cannot tell which.


Answer: C

Economics

You might also like to view...

If you work 4 extra hours, and the slope of the curve showing the relationship between your income and work hours is 8, your income will increase by

A) $2. B) $4. C) $12. D) $32.

Economics

According to this Application, ________ developed countries and ________ developing countries have a value-added tax

A) virtually all; many B) most; very few C) very few; very few D) very few; most

Economics

Discount loans available to health banks which can be used for any purpose are called

A) primary credit. B) secondary credit. C) seasonal credit. D) repo loans.

Economics

During a period of economic depression, such as has existed for a long period in Japan, a profit-oriented bank will act in such a way that

a. dampens the fluctuations. b. makes the depression worse. c. is neutral with respect to the fluctuations. d. is counter-cyclical and stabilizing.

Economics