A) there was substantial unemployment in the U.S. B) there was substantial excess plant and equipment in the U.S. C) the U.S.had not yet completed its recovery from the depression. D) we were temporarily operating at a point beyond our production possibilities frontier. The unemployment rate was at less than 2% from 1943-1945. A) there was substantial unemployment in the U.S. B) there was substantial excess plant and equipment in the U.S. C) the U.S.had not yet completed its recovery from the depression. D) we were temporarily operating at a point beyond our production possibilities frontier. The unemployment rate was at less than 2% from 1943-1945.

A) there is no need to economize. B) we rarely have to economize. C) only the rich have to. D) nearly everyone has to economize. A) there is no need to economize. B) we rarely have to economize. C) only the rich have to. D) nearly everyone has to economize.

Exam 2: Resource Utilization

Statement I: In the modern global economy,if our steel industry were operating at full capacity we could easily get steel from other steel-producing countries. Statement II: The only constraints on our production possibilities frontier are physical constraints such as the number of steel factories available,etc.

(Multiple Choice)

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Question 101

We could increase the production of both heart transplants and round-the-world trips if we moved to point T from point

(Multiple Choice)

5.0/5

(37)

Question 102

At point S,the economy is operating at approximately _______ percent unemployment.

(Short Answer)

4.7/5

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Question 103

If our economy is operating at peak efficiency,it is on its __________________________.

(Short Answer)

4.9/5

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Question 104

-What is the opportunity cost of going from point C to point D?

(Short Answer)

4.7/5

(36)

Question 105

-If the economy were producing at point E and moved to point B the opportunity cost in terms of lost production of outboard motors would be

(Multiple Choice)

4.9/5

(38)

Question 106

The study of the efficient allocation of the scarce means of production toward the satisfaction of human wants defines _____________.

(Short Answer)

4.8/5

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Question 107

The production possibilities curve illustrates the basic principle that

(Multiple Choice)

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Question 108

-Statement I.Technological advance pushes a country's production possibilities frontier outward. Statement II.Our economic growth slowed down from the early 1970s compared to the two decades before the 1970s.

(Multiple Choice)

4.9/5

(35)

Question 109

If you own a building and you decide to use that building to open a restaurant,

(Multiple Choice)

4.8/5

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Question 110

-Assuming the inner curve is our current production possibilities frontier,points J,N and K represent

(Multiple Choice)

4.8/5

(38)

Question 111

Statement I: When the unemployment rate is five percent,we are inside our production possibilities frontier. Statement II: Full production means that the nation's resources are being allocated in the most efficient manner possible.

(Multiple Choice)

4.8/5

(35)

Question 112

Referring to a production possibilities curve and the goods being compared,depict the economic event.Widespread use of the assembly line revolutionizes U.S.industry in the early 20th century (capital vs.consumer goods).

(Multiple Choice)

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Question 113

An inward shift in the entire production possibilities frontier

(Multiple Choice)

4.8/5

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Question 114

In 1943-1945

(Multiple Choice)

4.8/5

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Question 115

If our unemployment rate is 5% and our capacity utilization rate is 85-90%,our economy is at __________.

(Short Answer)

4.7/5

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Question 116

Under the current economic situation,which point would represent an unattainable combination of resources?

(Multiple Choice)

4.9/5

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Question 117

In our economy

(Multiple Choice)

4.9/5

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Question 118

To raise our rate of economic growth,we need more and better _ as well as more and better _.

(Short Answer)

4.9/5

(42)

Question 119

Which point best represents our economy in a depression?

(Multiple Choice)

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Question 120

Showing 101 - 120 of 265

We could increase the production of both heart transplants and round-the-world trips if we moved to point T from point

At point S,the economy is operating at approximately _______ percent unemployment.

If our economy is operating at peak efficiency,it is on its __________________________.

-What is the opportunity cost of going from point C to point D?

-If the economy were producing at point E and moved to point B the opportunity cost in terms of lost production of outboard motors would be

The study of the efficient allocation of the scarce means of production toward the satisfaction of human wants defines _____________.

The production possibilities curve illustrates the basic principle that

-Statement I.Technological advance pushes a country's production possibilities frontier outward. Statement II.Our economic growth slowed down from the early 1970s compared to the two decades before the 1970s.

If you own a building and you decide to use that building to open a restaurant,

-Assuming the inner curve is our current production possibilities frontier,points J,N and K represent

Statement I: When the unemployment rate is five percent,we are inside our production possibilities frontier. Statement II: Full production means that the nation's resources are being allocated in the most efficient manner possible.

Referring to a production possibilities curve and the goods being compared,depict the economic event.Widespread use of the assembly line revolutionizes U.S.industry in the early 20th century (capital vs.consumer goods).

An inward shift in the entire production possibilities frontier

In 1943-1945

If our unemployment rate is 5% and our capacity utilization rate is 85-90%,our economy is at __________.

Under the current economic situation,which point would represent an unattainable combination of resources?

In our economy

To raise our rate of economic growth,we need more and better _ as well as more and better _.

Which point best represents our economy in a depression?

A Brief Economic History of the United States

The Mixed Economy

Supply and Demand

The Household Consumption Sector

The Business Investment Sector

The Government Sector

The Export-Import Sector

Gross Domestic Product

Economic Fluctuations, unemployment, and Inflation

Classical and Keynesian Economics

Fiscal Policy and the National Debt

Money and Banking

The Federal Reserve and Monetary Policy

A Century of Economic Theory

Economic Growth and Productivity

Income Distribution and Poverty

International Trade

International Finance

Filters

Exam 2: Resource Utilization

We could increase the production of both heart transplants and round-the-world trips if we moved to point T from point

At point S,the economy is operating at approximately _______ percent unemployment.

If our economy is operating at peak efficiency,it is on its __________________________.

-What is the opportunity cost of going from point C to point D?

-If the economy were producing at point E and moved to point B the opportunity cost in terms of lost production of outboard motors would be

The study of the efficient allocation of the scarce means of production toward the satisfaction of human wants defines _____________.

The production possibilities curve illustrates the basic principle that

-Statement I.Technological advance pushes a country's production possibilities frontier outward. Statement II.Our economic growth slowed down from the early 1970s compared to the two decades before the 1970s.

If you own a building and you decide to use that building to open a restaurant,

-Assuming the inner curve is our current production possibilities frontier,points J,N and K represent

Statement I: When the unemployment rate is five percent,we are inside our production possibilities frontier. Statement II: Full production means that the nation's resources are being allocated in the most efficient manner possible.

Referring to a production possibilities curve and the goods being compared,depict the economic event.Widespread use of the assembly line revolutionizes U.S.industry in the early 20th century (capital vs.consumer goods).

An inward shift in the entire production possibilities frontier

In 1943-1945

If our unemployment rate is 5% and our capacity utilization rate is 85-90%,our economy is at __________.

Under the current economic situation,which point would represent an unattainable combination of resources?

In our economy

To raise our rate of economic growth,we need more and better _______ as well as more and better _______.

Which point best represents our economy in a depression?

A Brief Economic History of the United States

The Mixed Economy

Supply and Demand

The Household Consumption Sector

The Business Investment Sector

The Government Sector

The Export-Import Sector

Gross Domestic Product

Economic Fluctuations, unemployment, and Inflation

Classical and Keynesian Economics

Fiscal Policy and the National Debt

Money and Banking

The Federal Reserve and Monetary Policy

A Century of Economic Theory

Economic Growth and Productivity

Income Distribution and Poverty

International Trade

International Finance

Filters

To raise our rate of economic growth,we need more and better _ as well as more and better _.