Output in the short run is determined by which of the following factors when an economy operates at full employment?

Which of the following is not an example of a trade restriction?

A) quotas and voluntary export restraints B) tariffs C) consumer preferences for goods produced domestically D) legislation requiring that cars sold in a country have a 50 percent domestic content

A point that lies above the production possibilities frontier (PPF) represents a combination of at least two goods that is

a. unavailable. b. available. c. representative of efficient production. d. representative of inefficient production. e. none of the above