Author Question: Any combination of two goods that lies beyond the production possibilities frontier A) is ... (Read 67 times)

jjjetplane

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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



cpetit11

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Answer to Question 1

A

Answer to Question 2

B



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