Points that lie beneath the production possibilities curve are:
A. unattainable and inefficient.
B. attainable but inefficient.
C. unattainable but efficient.
D. attainable and efficient.
Answer: B
Economics
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If advertising makes demand of a product less elastic, it makes sense for a firm to
a. Decrease the price of the product b. Increase the price of the product c. Leave the price unchanged d. None of the above
Economics
All of the following are true about electronic funds transfers except:
A. sometimes involve the Federal Reserve sending electronic images of checks to banks. B. include automated clearinghouse transactions (ACH). C. include credit card payments made online. D. occur when banks or individuals deposit/withdraw from one bank account to another electronically.
Economics