If resources are combined efficiently in production, then the society
A. is producing at the most-desirable point on the production possibility frontier.
B. is producing at a point outside the production possibility frontier.
C. is experiencing economic growth.
D. is producing at a point on the production possibility frontier but not necessarily at the most-desirable point.
Answer: D
Economics
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By referring to Figure 7-1, an increase in the money stock
a. shifts the LM schedule to the right from LM0 to LM1. b. shifts the LM schedule to the left from LM0 to LM2. c. leaves the LM curve unchanged at LM0. d. shifts neither the IS nor the LM schedule.
Economics
Families receive income from two primary sources:
a. resource earnings and transfers b. transfers and subsidies c. wages and rents d. transfers and gifts e. interest and dividends
Economics