Under the Articles of Confederation, the Continental Congress permitted each state to issue paper money and borrow on their own to finance expenses related to the American Revolution

Which of the following is an example of lower production costs brought about by the use of technology?

a) the delivery costs of gasoline to the consumer by diesel trucks b) the use of e-mail to replace slower surface mail c) the making of breads and pastries in local shops rather than large bakeries d) the importing of fresh vegetables from South America rather than using canned vegetables

The optimal allocation of resources is found:

A. where MB = MC. B. at every point along a production possibilities curve. C. where the marginal benefit is at its greatest. D. where the marginal cost is at its lowest.