A point outside (to the right of) the production possibilities frontier is
A. inefficient.
B. not attainable.
C. efficient.
D. easily attainable.
Answer: B
You might also like to view...
If the aggregate demand curve shifts to the left and the aggregate supply curve shifts to the right, the result will be a
a. decrease in the level of output. b. decrease in the price level. c. higher price level. d. higher unemployment rate.
Bank failures in the United States occurred
A. frequently through the 1960s and declined since then. B. infrequently through the 1960s and have become more common since then. C. frequently through the 1930s, declined after that time, and became more common in 2008. D. infrequently through the 1930s, increased after that time, and became less common in 2008.
An industry is made up of 8 firms with the following percent market shares: 29, 20, 11, 10, 9, 8, 7, 6. The firms with 8 and 7 percent market share are proposing to merge. What is the new Herfindahl-Hirschman index if the merger takes place?
A) 225 B) 1462 C) 1692 D) 1804
The phenomenon of crowding-out suggests that the positive impact of budget deficits on economic activity are reduced by ________
A) the impact produced by government spending on the environment B) an increase in national savings C) the interest rate effects associated with federal deficits D) the increase in pork barrel projects deficit spending entails