If domestic saving is greater than domestic investment, then a country will have a ________ and positive net capital ________.

Refer to the production possibilities frontier in the figure above. Which production point is unattainable?

A) point a B) point b C) point c D) point e

The basic cause of deadweight losses from the existence of common resources and externalities is

A) the use of a market system to deal with scarcity. B) the self-interested rationality of human beings. C) the absence of government intervention. D) a lack of clearly defined and enforceable property rights.