Author Question: If one is producing well within a production possibilities frontier, they are A) using resources ... (Read 30 times)

Pineappleeh · **on:** Jun 29, 2018

If one is producing well within a production possibilities frontier, they are

A) using resources to the best of their ability.
B) using resources at the lowest opportunity cost.
C) using resources in an inefficient way.
D) using resources in a way that maximizes their comparative advantage.

Question 2

The monetary multiplier is 3 and the change in the monetary base is 100,000. How much will the quantity of money increase?

A) 300,000
B) 200,000
C) 100,000
D) 70,000
E) 33,333