Author Question: When all of the available factors of production are being efficiently employed, the A) economy is ... (Read 52 times)

anjilletteb · **on:** Jun 29, 2018

When all of the available factors of production are being efficiently employed, the

A) economy is producing at a point within its PPF.
B) economy is producing at a point on its PPF.
C) economy is producing at a point beyond its PPF.
D) PPF disappears.
E) opportunity cost of changing production is infinite.

Question 2

The more generous unemployment benefits are, the ________ the unemployment rate remains and the ________ the time frame people tend to remain unemployed.

A) higher; longer
B) higher; shorter
C) lower; longer
D) lower; shorter