Refer to the table. A total output of 3 units of capital goods and 4 units of consumer goods:
Answer the question on the basis of the data given in the following production possibilities
table:
A. is irrelevant because the economy is capable of producing a larger total output.
B. will result in the maximum rate of growth available to this economy.
C. would involve an inefficient use of the economy's scarce resources.
D. is unobtainable in this economy.
C. would involve an inefficient use of the economy's scarce resources.
Economics
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The use of government expenditures and taxes to influence the level of economic activity is called
A) deficit management policy. B) debt management policy. C) financial policy. D) fiscal policy.
Economics
Which of the following is NOT an economic good?
A) a haircut B) broccoli C) garbage D) a textbook
Economics