Author Question: If an economy cannot produce more of one good without producing less of another good, this implies ... (Read 81 times)

burchfield96 · **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