When the production possibilities curve is bowed out, resources are

a. equally well-suited to production of both goods.
b. not being used efficiently.
c. not equally suited to the production of both goods.
d. available in larger and larger quantities as more of one good is produced.

C

Economics

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The federal government never has to pay off the national debt

a. True b. False Indicate whether the statement is true or false

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If we know that the area between the Lorenz curve and the diagonal is 2,500, and the area of the square (the triangles above and below the diagonal) is 10,000 . then the Gini coefficient is

a. 0 b. 0.25 c. 0.50 d. 0.75 e. 1.0

Economics