Any combination of two goods that lies beyond the production possibilities frontier
A) is currently impossible to produce.
B) is currently possible to produce, but not worth trying.
C) represents economic waste.
D) represents a more efficient combination of output than anything lying on the frontier.
Question 2
An employee in a department store often steals goods when other employees are not around. Because the store does not have a surveillance camera, the store manager is unable to monitor his activities. This behavior is an example of ________.
A) adverse selection
B) moral hazard
C) internalization of externalities
D) the paradox of thrift
Primary production is constrained by the most limiting factor.
Great Britain Production of Glass 1800s
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
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