Refer to the diagram, representing Slippery Slope Oil Company. How many million barrels should Slippery Slope extract and sell this year?

A point outside a society's production possibilities curve is one that is

A) unattainable given the resources of the society. B) technologically inefficient. C) undesirable given the implied underemployment of resources. D) desirable since it satisfies the desires of the population.

The race-to-the-bottom concept described in the text refers to

A) the situation in which countries with high standards are forced to lower their standards or face the loss of jobs and industry. B) the situation in which human rights are not respected by trading countries. C) adopting the standards of a few selected middle-income and high-income countries. D) the use of low per-capita income as a means of comparing the well-being of individuals.