If a production possibilities boundary is a curve concave to the origin and not a straight line, then:
A. there are unemployed resources.
B. resources are not equally suited to producing alternative products.
C. resources are perfectly interchangeable to alternative uses.
D. resources are equally suited to producing alternative products.
Answer: B
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A legal arrangement characterized by preferential treatment of export industries is
a. export orientation b. export processing zone c. customs union d. effective protection e. none of the above
Whether or not the positive externalities generated by education are inframarginal can be measured with a great degree or certainty
a. True b. False
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