Multiple Choice
A point on the frontier of the production possibilities curve is:
A) attainable and the economy is efficient.
B) attainable,but the economy is inefficient.
C) unattainable and the economy is inefficient.
D) unattainable,but the economy is efficient.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Microeconomics focuses on:<br>A) the workings of the
Q15: According to the Gates,Winfrey,and Rodriguez illustration:<br>A) Gates,Winfrey,and
Q16: When modeling consumer choice,the price ratio of
Q17: The "war on terror" waged by the
Q18: Assume that for Indy,one hour of study
Q20: Which situation would most likely shift the
Q21: Which situation would most likely cause a
Q22: If the marginal benefits of the output
Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" Refer to the
Q24: An "aggregate":<br>A) treats a collection of specific