If a life can be saved for $250 using Method A and $260 using Method B,
a. it would be efficient to shift resources from A to B
b. it would be efficient to shift resources from B to A
c. both methods should be pursued to the maximum extent possible
d. neither method should be used if methods with higher dollar values are available
e. both methods are on the economy's production possibilities frontier
B
Economics
You might also like to view...
An expansion occurs when the level of real GDP is
A) increasing. B) decreasing. C) at a cyclical peak. D) at a cyclical trough.
Economics
Inflation is often accompanied by
a. seigniorage b. forced saving c. financial repression d. large government budget deficits e. all of the above
Economics