Author Question: In the production possibilities frontier model, an unattainable point lies A) both on and outside ... (Read 45 times)

cdr_15 · **on:** Jun 29, 2018

In the production possibilities frontier model, an unattainable point lies

A) both on and outside the production possibilities frontier.
B) only outside the production possibilities frontier.
C) only inside the production possibilities frontier.
D) only on the production possibilities frontier itself.
E) There are no unattainable points in the production possibilities model.

Question 2

The appreciation of the dollar will make U.S. goods ________ to foreigners and make imports ________ for U.S. residents.

A) more expensive; cheaper B) cheaper; more expensive
C) more expensive; more expensive D) cheaper; cheaper