Assume that, given factors of production and existing knowledge and technology, it is not possible to produce more of one good without foregoing the opportunity to produce some of another good. Economists would characterize this situation as:
a. inefficient

b. efficient.
c. due to unemployment.
d. a point outside the production possibilities frontier.

b

Economics

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When loans are paid off, the bank's assets will decline, deposits will decline, M1 and M1 will decline

a. true b. false

Economics

Financial capital flows could include

A) real estate purchases. B) construction of factories. C) sales of a business. D) the purchase of the physical assets and operations of a multinational corporation by another. E) currency market transactions.

Economics