Author Question: Measuring total production by valuing items at their market value allows us to A) separate the ... (Read 37 times)

Tazate · **on:** Jun 29, 2018

Measuring total production by valuing items at their market value allows us to

A) separate the value of different goods with identical prices.
B) separate the value of different goods with different prices.
C) add together the value of different goods that have different prices.
D) add together the value of identical goods that have identical prices.
E) ignore the problem that goods and services differ in how long they last.

Question 2

If a society is operating at a point inside its production possibilities frontier, then this society's

A) resources are being inefficiently utilized.
B) production possibilities frontier will shift rightward.
C) resources are being used in the most efficient manner.
D) economy will grow too fast.