A point outside (to the right of) the production possibilities curve of a nation:
A. Is not attainable for this nation
B. Is easily attainable for this nation
C. Implies that there are unemployed resources in this nation
D. Implies that this nation is using its resources fully
Answer: A
Economics
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A country's trade balance will fall if
a. either investment or saving rise. b. either investment falls or saving rises. c. either saving falls or investment rises. d. either investment or saving fall.
Economics
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30
Economics