Points outside the production possibilities frontier represent
a. unemployment of resources
b. inefficient use of resources
c. combinations that are attainable only if all resources are used fully and efficiently
d. currently unattainable combinations of outputs
e. the only currently attainable combinations from which society must choose
D
Economics
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Which of the following would most likely cause the production possibilities curve for DVDs and food to shift outward?
a. A choice of more food and more DVDs. b. A choice of more food and less DVDs. c. A choice of more DVDs and less food. d. An increase in the quantity of natural resources.
Economics
The process of accumulating capital is called:
a. capitalization. b. loanable funds. c. investment. d. debt management.
Economics