This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If, in a given economy, production is taking place at a point inside the production possibility ... (Read 65 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
on: Jul 1, 2018
If, in a given economy, production is taking place at a point inside the production possibility frontier:
 a. resource allocation is technically and allocatively efficient.
  b. resource allocation is technically efficient but allocatively inefficient.
  c. resource allocation is technically inefficient and allocatively efficient.
  d. resource allocation is technically and allocatively inefficient.

Question 2

Which of the following public policies has (have) the effect of restricting competition?
 a. licensing
  b. patents
  c. import quotas
  d. a and b only
  e. a, b, and c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

e


D2AR0N

  • Member
  • Posts: 561
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Ulysses S. Grant poses at City Point, Virginia, during the siege of Petersburg. Ulysses S. Grant poses at City Point, Virginia, during the siege of Petersburg.
Line analysis of Gustave Caillebotte, Place de l'Europe on a Rainy Day. Line analysis of Gustave Caillebotte, Place de l'Europe on a Rainy Day.
Gingival enlargement in a patient taking phenytoin. Gingival enlargement in a patient taking phenytoin.
Apply deep circular effleurage to the buttocks muscles as a warming technique. Place one hand on top ... Apply deep circular effleurage to the buttocks muscles as a warming technique. Place one hand on top ...
Horizontal stroking of the abdomen. Place a hand on either side of the waist, fingers pointing away ... Horizontal stroking of the abdomen. Place a hand on either side of the waist, fingers pointing away ...
Pelvic rock. Place your right hand over the recipient’s left hip bone. Place your left hand over ... Pelvic rock. Place your right hand over the recipient’s left hip bone. Place your left hand over ...
Video: TRH/TSH/Thyroid hormone

For a complete list of videos, visit our video library