Multiple Choice
Points on the production possibilities frontier have the property that they
A) are inherently unattainable.
B) show the maximum amount of leisure that can be consumed for given amounts of goods consumed.
C) show the maximum amount of goods that can be consumed for given amounts of government spending.
D) show the maximum amount of leisure that can be consumed for given amounts of hours worked.
E) show the maximum amount of goods that can be consumed in a competitive equilibrium.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: An increase in total factor productivity involves<br>A)
Q43: An example of a negative externality is<br>A)
Q44: The real wage is determined by<br>A) the
Q45: Fiscal policy refers to a government's choices
Q46: In a one-period economic model,the government budget
Q48: The marginal rate of transformation is equal
Q49: According to the Laffer Curve<br>A) there may
Q50: What are three reasons for a competitive
Q51: To choose the optimal level of government
Q52: In the production function,output is given by<br>A)