Although the efficient quantity to produce of any good is located where marginal social benefit and marginal social cost are equal, there will usually be other quantities where the sum of consumer and producer surplus are greater

Indicate whether the statement is true or false

FALSE

Economics

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Two reasons why an economy might operate inside of its production possibilities frontier are

a. productive efficiency and technological change b. depressions and inflation c. recessions and productive inefficiency d. opportunity costs and substitutability of resources used in production e. productive inefficiency and a decrease in the state of technology

Economics

A "bill of rights" for union members and a provision of union election procedures were two of the main provisions of the _____ Act.

A. National Labor Relations B. Taft-Hartley C. Landrum-Griffin D. Sherman Antitrust

Economics