Points ____________ the production possibilities curve (PPC) are produced efficiently so long as an economy uses all of its available resources.
a. beyond
b. inside
c. along
d. below
c. along
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The demand curve is also the
A) total cost curve. B) total benefit curve. C) marginal cost curve. D) marginal benefit curve. E) marginal deadweight cost curve.
The combined effects of a fiscal contraction and a monetary expansion are
A. higher real interest rates. B. exchange rate depreciation. C. increased current account deficit. D. All of these responses are correct.
Why is a college graduate more likely to get a job in management than is someone with only a high school diploma, even when the job has nothing to do with a specific type of education?
If a business is losing money in the short run, the owner will try to minimize
A. losses per unit of output. B. total cost. C. total losses. D. output.