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Author Question: If an economy cannot produce more of one good without producing less of another good, this implies ... (Read 72 times)

burchfield96

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If an economy cannot produce more of one good without producing less of another good, this implies that which of the following has been achieved?
 
  A) allocative efficiency
  B) minimum marginal cost
  C) PPF efficiency
  D) production efficiency
  E) maximum marginal benefit

Question 2

A decrease in monetary base ________ the quantity of money, the interest rate ________, and the quantity of money demanded ________.
 
  A) decreases; falls; decreases
  B) decreases; falls; increases
  C) decreases; rises; increases
  D) decreases; rises; decreases
  E) increases; falls; decreases



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ally

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Answer to Question 1

D

Answer to Question 2

D




burchfield96

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


ultraflyy23

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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