The figure above shows a nation's production possibilities frontier. In the figure, point B shows
A) an unattainable point.
B) an attainable point.
C) a point with a free lunch.
D) a point with no trade off.
E) a point at which there are unemployed resources.
Question 2
The chair of the Department of Economics at Colorado State University decided that office space is for tenured faculty and that graduate students are required to share cubicles. What method is used to allocate office space?
A) lottery
B) majority rule
C) command
D) first-come, first-served
E) sharing equally
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