A country operates inside its production possibilities curve; this may be caused by
A) unemployed resources.
B) total efficiency in industry.
C) a new resource being discovered.
D) a lack of modern products being produced.
A
Economics
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The point of diminishing returns means that output will decrease at an increasing rate
Indicate whether the statement is true or false
Economics
Financial intermediation is necessary because of
A) asymmetric information. B) adverse selection problems. C) the risk of moral hazard. D) all of the above.
Economics