Author Question: The above figure shows a nation's production function. Point B is ________ and ________ because ... (Read 69 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
The above figure shows a nation's production function. Point B is ________ and ________ because ________.
 
  A) unattainable; inefficient; the nation is using resources efficiently but they could be more efficient
  B) unattainable; inefficient; the nation is using resources inefficiently
  C) attainable; inefficient; the nation is using resources inefficiently
  D) unattainable; efficient; the nation would be using resources efficiently if they could attain this level of production
  E) attainable; efficient; the nation is using resources efficiently

Question 2

A decrease in the level of real GDP in the economy leads to
 
  A) a leftward shift in the demand for money curve.
  B) a rightward shift in the demand for money curve.
  C) a leftward movement along the demand for money curve.
  D) a rightward movement along the demand for money curve.



bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

E

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

For a complete list of videos, visit our video library