Correct option will be option b). J, L
This economy can not produce at J and L, because it is not feasible for this economy to produce at these two points. At the PPF, resources are fully utilized but these two points J and L are outside PPF, these are not feasible given the resources with the economy.
The economy in Figure 2 cannot produce at which point(s)? J J, L J, L, M L W ECON 202 Test #1 SL x Bb ECON202_MT1_Onlir x 6 Take Test: ECON 202 x The Economy In Figu X Reler lo Figure 4, W X C Result in A Shiflor X + - 2 X c o G blackboard.towson.edu/bbcswebdav/pid-5611929-dt-content-rid-41510796_2/courses/001789-01-1201-3W-900-01105... U D Factors of TD Production Figure 1: Circular-flow diagram. 1 ore Figure 2: Production possibilities frontier. 2:30 PM Type here to...
1. 30 points total] Consider the economy characterized with the following equations Y a-b(R- T), b> 0 IS relation Phillips TtTt-1 +vY+ o, v > 0 curve The economy has been in the long-run equilibrium up to period 0. In period 1, however, a one-time inflation shock o > 0 hits the economy. In other words, o > 0 in period 1 but o 0 in all other periods. (a) [10 points] The monetary policy rule (MPR) is given as...
1. Which of the following cannot be mixed together in water to produce a buffer solution? NH3 and HCI d. HCN and NaOH a. b. HF and KF HNO3 and NANO3 e. HCIO3 and NaCIO3 с.
5. Suppose an economy can produce two goods, A and B. It is now operating at point E on production possibilities curve RT. An improvement in the technology available to produce good A shifts the curve to ST, and the economy selects point E'. How does this change affect the opportunity cost of producing an additional unit of good B?
Manufacturing firms produce intangible products that cannot be inventoried. a.True b. False
1) Which of these scenarios would not produce seedless fruits? a) Plants with mutation(s) that cannot develop fertile embryos are propagated by grafting, then treated with a hormone to develop fruit b) Triploid plants with a parthenocarpy gene c) Plants with parthenocarpy gene growing in orchards of clones that are self-incompatible by S-gene recognition d) A scion or bud from one plant is grafted on to another plant to produce the desired fruit variety
suppose we observed an economy in which changes in the money supply produce no changes whatever in nominal GDP. what could we conclude about velocity
QUESTION 5 Which of the following combinations cannot produce a buffer solution? a. HNO2 and NaNO2 6. HCN and NaCN c. HC104 and NaC104 d. NH3 and (NH4)2SO4 e. NH3 and NH4Br OOOOO mno
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The economy cannot produce more of one good without simultaneously reducing the output of another good. B) is producing inefficiently. If production was arranged more efficiently the economy can produce more on one good without sacrificing any production of another good. C) it is producing at an unattainable point. You cannot be inside the Production Possibilities Frontier. D) then opportunity cost approaches infinity. No economy...
If prices in the economy rise, then O A. the purchasing power of a dollar cannot be determined O B. the purchasing power of a dollar declines. C. the purchasing power of a dollar stays constant. O D. the purchasing power of a dollar rises.