Author Question: A point outside a production possibilities frontier indicates A) that resources are not being ... (Read 111 times)

vHAUNG6011 · **on:** Jun 29, 2018

A point outside a production possibilities frontier indicates

A) that resources are not being used efficiently.
B) an output combination that society cannot attain given its current level of resources and technology.
C) that resources are being used very efficiently.
D) that both goods are characterized by increasing costs.

Question 2

If the expected future exchange rate rises, the currency's

A) quantity supplied increases.
B) supply decreases.
C) supply increases.
D) exchange rate falls.