The table above shows a production possibilities frontier for an economy. If the economy tried to produce a combination of 250 loaves of bread and 800 books,
A) there is some unemployment.
B) it cannot produce this combination because it lacks enough resources or technology.
C) it is enjoying a free lunch.
D) the tradeoff between bread and books is inefficient.
E) there is full employment.
B
Economics
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In the short run in the Keynesian model, an increase in the domestic money supply would cause domestic output to ________ and the domestic real interest rate to ________
A) rise; rise B) fall; rise C) rise; fall D) fall; fall
Economics
Which statement is true?
A. American industry is very competitive. B. There is no competition in American industry. C. In order to have competition you need to have many firms in an industry. D. The electrical and natural gas industries are good examples of competition at work.
Economics