Any combination of two goods that lies beyond the production possibilities frontier
A) is currently impossible to produce.
B) is currently possible to produce, but not worth trying.
C) represents economic waste.
D) represents a more efficient combination of output than anything lying on the frontier.
Question 2
An employee in a department store often steals goods when other employees are not around. Because the store does not have a surveillance camera, the store manager is unable to monitor his activities. This behavior is an example of ________.
A) adverse selection
B) moral hazard
C) internalization of externalities
D) the paradox of thrift
projections of future oil production
Four Possibilities in Judging the Presence or Absence of a Stimulus
A Production Function with Diminishing Marginal Product of Capital
Production of ATP in Skeletal Muscle
Production of ABO blood group antigens
Production of colorless sectors and reversion of the unstable colorless