An economic policy that is based on a flawed theory can, at times, provide a desired outcome

Which of the following was not characteristic of the U.S. economy during the Great Depression?

A. Automobile production fell. B. The stock market crashed. C. Families lost their farms. D. Unemployment reached 50 percent.

The idea that tradeoffs have to be made when resources are scarce is reflected in the fact that:

A. the slope of a linear production possibilities is constant. B. the production possibilities curve has a negative slope. C. points below the production possibilities curve are efficient. D. points below the production possibilities curve are inefficient.