An economy's PPC illustrates the extent to which the economy consumes what it produces

Foreign investment can give a low-income country

A) no hope to break the vicious cycle of poverty. B) a path to dependency and low growth. C) access to funds for investment and access to technology. D) the means to slow down growth.

An important economic problem associated with pure monopoly is that, at the profit- maximizing outputs, resources are:

A. overallocated because price exceeds marginal cost. B. overallocated because marginal cost exceeds price. C. underallocated because price exceeds marginal cost. D. underallocated because marginal cost exceeds price.