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Author Question: If an economy cannot produce more of one good without producing less of another good, this implies ... (Read 85 times)

burchfield96

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on: Jun 29, 2018
If an economy cannot produce more of one good without producing less of another good, this implies that which of the following has been achieved?
 
  A) allocative efficiency
  B) minimum marginal cost
  C) PPF efficiency
  D) production efficiency
  E) maximum marginal benefit

Question 2

A decrease in monetary base ________ the quantity of money, the interest rate ________, and the quantity of money demanded ________.
 
  A) decreases; falls; decreases
  B) decreases; falls; increases
  C) decreases; rises; increases
  D) decreases; rises; decreases
  E) increases; falls; decreases


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ally

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


burchfield96

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Reply 2 on: Jun 29, 2018
Gracias!

elyse44

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Reply 3 on: Yesterday
Excellent

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