Producing an amount of GDP equal to potential GDP is most consistent with the economy producing
A) either on or within the production possibilities frontier.
B) on the production possibilities frontier.
C) beyond the production possibilities frontier.
D) either on or beyond the production possibilities frontier.
E) within the production possibilities frontier.
B
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Political candidates in a two-person race prefer to be viewed as occupying the center of the political distribution because
A) occupying the center is a sign of being a leader. B) political candidates usually prefer to maintain the status quo and the center is the status quo. C) the electorate is largely in the "wings" (extreme ends) of the political distribution. D) whoever comes closer to the center usually wins the election.
Data on education and earnings reveal:
A. negative age-earnings profiles for male workers. B. no relationship between the two. C. a positive relationship between the two. D. a negative relationship between the two.