Whenever productive resources are used to make capital goods
A) society is not producing efficiently.
B) society is giving up current consumption.
C) the production possibilities curve becomes flatter.
D) absolute advantage occurs.
B
Economics
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The present value of an annuity that pays $100 each year indefinitely (i.e., a perpetuity) is $2,000 if the interest rate is 5 percent
a. True b. False
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