The figure above shows the production possibilities frontier for a country. A combination of 2 million gallons of milk and 2 million gallons of ice cream is
A) attainable and production inefficient.
B) unattainable.
C) attainable but more than production efficient.
D) attainable and production efficient.
E) More information is needed to determine if the point is attainable or not.
A
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When we use the specificfactors model to study immigration, we assume that:
a. land is immobile internationally but capital and labor are internationally mobile. b. land and capital are immobile internationally but labor is internationally mobile. c. land, labor, and capital are internationally mobile. d. land, labor, and capital are internationally immobile.
The above table gives data for the nation of Mouseville. There are no imports into or exports from Mouseville. Unplanned inventory changes equal $50 billion when real GDP equals
A) $800 billion. B) $900 billion. C) $500 billion. D) $300 billion. E) $700 billion.