A production possibilities frontier that is a downward-sloping straight line implies
A) economies of scale.
B) diseconomies of scale.
C) economies of scope.
D) no economies of scope.
D
Economics
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In the long run, the price level adjusts
A) to achieve money market equilibrium. B) so that the inflation rate equals the growth rate of real GDP. C) so that the inflation rate equals zero. D) so that the inflation rate is moderate. E) so that the real interest rate equals the nominal interest rate.
Economics
In economics, the optimal level of pollution is
A) zero. B) the level for which the net benefit from reducing the pollution is greatest. C) the level for which the total benefit from reducing the pollution is greatest. D) the level which generates a positive externality.
Economics