Author Question: In the figure above, the point labeled C in the production possibilities frontier A) is ... (Read 105 times)

kaid0807 · **on:** Jun 29, 2018

In the figure above, the point labeled C in the production possibilities frontier

A) is unattainable; it is beyond the productive capability of this country.
B) represents a highly desirable output level in the long run, because it conserves scarce resources.
C) represents either unemployed or inefficiently utilized resources.
D) represents the maximum sustainable output level for this nation in the long run.

Question 2

Dell Computers decides to produce PCs and sell them directly over the Internet and via Best Buy. This is an example of

A) incentives.
B) a microeconomic decision.
C) a macroeconomic decision.
D) scarcity.