If the capital stock decreases, then the economy will produce ____ output with the ____ amount of labor

As a result of the imposition of a tax on a product: a. some consumer surplus is transferred from buyers to producers

b. some producer surplus is transferred from sellers to consumers. c. some consumer and producer surplus is transferred from buyers and sellers to the government. d. there is no change in either consumer or producer surplus.

The production possibilities curve represents

A. the maximum combination of goods and services that can be produced with fixed resources and technology, given efficient use of the resources. B. the maximum amount of labor and capital available to society. C. the maximum rate of growth of capital and labor in a country. D. the combinations of goods and services among which consumers are indifferent.