A point inside a production possibilities curve reflects
a. the law of increasing costs
b. technological innovation
c. less than full use of resources and technology
d. economic efficiency
e. a way to increase future economic growth
C
Economics
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If you default on your auto loan, your car will be repossessed because it has been pledged as ________ for the loan
A) interest B) collateral C) dividend D) commodity
Economics
If nominal GDP in 2011 is greater than nominal GDP in 2010, the economy's real output of goods and services must have risen
a. True b. False Indicate whether the statement is true or false
Economics