Any point on a production possibilities frontier (PPF) itself is

Some economists have argued that certain characteristics of the delivery of health care justify government intervention. One of these characteristics is

A) health care is nonrivalrous and nonexcludable. B) health care generates negative externalities. C) health care is a public good. D) health care generates positive externalities.

If a bank has $100,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the maximum deposit outflow it can sustain without altering its balance sheet is

A) $30,000. B) $25,000. C) $20,000. D) $10,000.