The government's budget deficit is financed by some combination of all of the following except

A decrease in costs may not increase economic profit

Indicate whether the statement is true or false

When a firm or economy is operating efficiently, it is operating

a. outside its production possibilities frontier. b. inside its production possibilities frontier. c. on its production possibilities frontier. d. at the intersection of the production possibilities frontier and the vertical axis. e. at the intersection of the production possibilities frontier and the horizontal axis.