« previous next »

Author Question: Fill in the blank: a combination of two goods that lies beyond the production possibilities frontier ... (Read 17 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Fill in the blank: a combination of two goods that lies beyond the production possibilities frontier ________.
 
  A) can be produced with the current set of resources
  B) cannot be produced with the current set of resources
  C) can never be produced with any set of resources
  D) can be produced but only if the producer becomes more greedy

Question 2

Refer to the scenario above. Suppose a new legislative policy decreases the fine for speeding to 50. A reduction in the fine to 50:
 
  A) makes it profitable for you to bribe.
  B) makes it profitable for Joe to bribe.
  C) changes the outcome of the game.
  D) will not change your dominant strategy.


vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Herbivore biomass is positively correlated with net aboveground primary production. Herbivore biomass is positively correlated with net aboveground primary production.
Pair Production and Annihilation Pair Production and Annihilation
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Always use the viscosity of oil as specified on the oil fill cap. Always use the viscosity of oil as specified on the oil fill cap.
Fossil fuels production Fossil fuels production
Biology Fill in the Blank Worksheet Biology Fill in the Blank Worksheet
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library