A bowed production possibilities curve is consistent with
A) an unchanged opportunity cost.
B) a technologically inefficient society.
C) the underutilization of productive resources.
D) highly specialized resources.
D
Economics
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The situation in which a person places greater value on a good as more and more people possess it is called
A) Bandwagon Effect. B) Greater Value Effect. C) Snob Effect. D) Behavioral Effect.
Economics
The Justice Department and the Federal Trade Commission are likely to oppose mergers
a. that seem likely to increase efficiency. b. that create a larger firm with economies of scale in a contestable market. c. which will help one of the merging firms out of financial difficulties. d. which threaten to reduce competition.
Economics