« previous next »

Author Question: Fill in the blank: a combination of two goods that lies beyond the production possibilities frontier ... (Read 29 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Fill in the blank: a combination of two goods that lies beyond the production possibilities frontier ________.
 
  A) can be produced with the current set of resources
  B) cannot be produced with the current set of resources
  C) can never be produced with any set of resources
  D) can be produced but only if the producer becomes more greedy

Question 2

Refer to the scenario above. Suppose a new legislative policy decreases the fine for speeding to 50. A reduction in the fine to 50:
 
  A) makes it profitable for you to bribe.
  B) makes it profitable for Joe to bribe.
  C) changes the outcome of the game.
  D) will not change your dominant strategy.


vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Hiroshima lies in ruins after it was destroyed by an atomic bomb. Hiroshima lies in ruins after it was destroyed by an atomic bomb.
Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid
This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ... This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ...
Energy Production Energy Production
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library