Author Question: A point inside a nation's production possibilities curve can represent: a. a recession. b. an ... (Read 74 times)

panfilo · **on:** Jun 30, 2018

A point inside a nation's production possibilities curve can represent:
a. a recession.
b. an increase in population size.
c. an economic growth.
d. a technological advancement.
e. an improvement in living standards.

Question 2

The rule of rational choice is that in trying to make themselves better off, people alter their behavior if the expected marginal benefits to them from doing so ____ the expected marginal costs they will bear.
a. exceed.
b. equal.
c. are less than.
d. Either a. or b.