A society that is producing on its production possibilities frontier is
A) not utilizing all of its resources.
B) not being technologically efficient.
C) producing too much output.
D) fully utilizing all of its productive resources.
D
Economics
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Because original ideas are likely to become known and used by others, without the inventor's knowledge or consent, ________
A) technology is the key driver of economic growth B) new ideas contribute little to economic growth C) we refer to ideas as rival D) technology is inherently exogenous
Economics
Based on this producer surplus graph, how many full units can the firm produce each week and receive a producer surplus on?
a. one
b. two
c. three
d. four
Economics