A movement from one point on a production possibilities frontier to another represents
A) unemployment.
B) a tradeoff.
C) an advance in technology.
D) full employment of labor but not capital.
E) a free lunch.
B
Economics
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Mean Absolute Deviation (MAD) is not always the best in assessing a forecast model accuracy
A. True B. False
Economics
Suppose the market for hot pretzels in New York City is perfectly competitive. What is true of demand in this market?
a. The demand curve facing each seller is perfectly elastic. b. The demand curve facing each seller is perfectly inelastic. c. The market demand curve is perfectly elastic. d. The market demand curve is perfectly inelastic. e. The market demand curve is elastic.
Economics