Any production point outside the production possibilities frontier is
A) unattainable.
B) associated with unused resources.
C) attainable only if prices fall.
D) attainable only if prices rise.
A
Economics
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According to Danziger and Gottschalk, the two most frequent ways low earners escape poverty is working a second job, and help from relatives
Indicate whether the statement is true or false
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If demand is perfectly inelastic, a decrease in price results in a(n)
a. decrease in seller's total revenue b. increase in total seller's expenditure c. increase in expenditure on the good, but a decrease in revenue to the seller d. unfavorable shift in tastes and preferences e. increase in total revenue to the seller
Economics