The optimal mix of output may not be produced by an economy because of the existence of
A. Inequity.
B. Production possibilities.
C. Internalities.
D. Underproduction of public goods.
Answer: D
Economics
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If a nation's population grows at 2 percent and its real GDP grows at 4 percent, what is the growth rate of real GDP per person?
What will be an ideal response?
Economics
The payment for current rather than future command over resources is
A) an implicit cost. B) an implicit benefit. C) interest. D) opportunity cost.
Economics