If the resources within a nation are not being fully or efficiently utilized, it means:
a. that the nation is operating at a point inside its production possibilities curve.
b. that the nation is operating at a point outside its production possibilities curve.
c. that the nation is operating at a point along its production possibilities curve.
d. that the nation is probably technologically advanced.
e. the government of that nation should seize ownership of the resources in order to attain the necessary efficiencies.
a
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Which of the following statements about an entrepreneur is false?
A) An entrepreneur sells his entrepreneurial services in the output market. B) An entrepreneur develops the vision for the firm and funds the producing unit. C) An entrepreneur risks the personal funds provided. D) An entrepreneur organizes the other factors of production into a working unit.
If the Kyoto Protocol requires developed countries to reduce emissions of greenhouse gases, but developing countries are not required to do so, why might a developed country still agree? Should it?
What will be an ideal response?
The real exchange rate is the:
A. rate at which two currencies can be traded for each other. B. nominal exchange rate adjusted for domestic inflation. C. price of the average domestic good or service relative to the price of the average foreign good or service, when prices are expressed in terms of a common currency. D. quantity of foreign currency assets held by a government for the purpose of purchasing the domestic currency in the foreign exchange market.
The Obama Stimulus Plan of 2009 consisted of
A. income tax rebate checks delivered to households in key states. B. $787 billion in tax cuts. C. tax cuts, federal spending increases, and aid to states. D. $787 billion in immediate federal spending increases.