Author Question: An inefficient use of resources can be illustrated using a production possibilities curve as: a. a ... (Read 81 times)

meagbuch · **on:** Jun 30, 2018

An inefficient use of resources can be illustrated using a production possibilities curve as:
a. a movement to the northeast along the curve.
b. a movement to the southeast along the curve.
c. a movement off the curve in a northeast direction.
d. a movement off the curve in a southwest direction.

Question 2

Which of the following was not a reason for the financial collapse in 2008?
a. inaccurate ratings by S&P and Moody's
b. government promoting aggressive mortgage lending
c. pooling of mortgage backed securities
d. the absence of financial leveraging in the banking industry