In the above figure, the combination of personal computers and televisions shown by point w
A) is an efficient use of society's resources because it is below the production possibilities curve.
B) is more desirable than point x because producing at point w does not put a strain on society's resources.
C) is attainable but involves the inefficient use of some of society's resources.
D) is beyond the capacity of society to produce.
C
Economics
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The price of ________ consumption in terms of ________ consumption is ________
A) future; current; 1/(1 + r) B) present; future; 1/(1 + r) C) future; current; r D) present; future; r E) future; current; 1 + r
Economics
In 2010, the debt-to-GDP ratio for the United States was approximately equal to
A) 90%. B) 17%. C) 37%. D) 67%.
Economics