Per capita real GDP is the measure most frequently used to compare international living standards

The higher the number of people who have access to e-mail, the more valuable it is to everyone. This is an example of a(n) ________

A) moral hazard B) adverse selection C) network externality D) negative externality

Which of the following would cause an economy to produce at a point inside its production possibilities curve?

A) the efficient allocation of all factors of production B) population growth C) unemployment and an inefficient use of available resources D) capital accumulation