A production possibilities curve depicts
a. combinations of resources the economy has the capacity to produce
b. prices that can be charged for capital and consumption goods
c. combinations of prices and outputs that can be produced
d. combinations of goods the economy has the capacity to produce
e. combinations of resources and prices that the economy can produce
D
Economics
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A major benefit of a health savings account is that it
A) combats moral hazard. B) means more health care services will be demanded. C) eliminates rising health care costs. D) creates the incentive to see a doctor regularly.
Economics
Which of the following phrases best captures the notion of efficiency?
a. absolute fairness b. equal distribution c. minimum waste d. equitable outcome
Economics