Which of the following is an example of productive inefficiency?
A) Scientists discover a new substance that dramatically increases potential steel production.
B) A demographic boom leads to a rise in the number of workers in the labor force.
C) The rate of unemployment falls to zero.
D) Computer technicians are forced to answer telephones rather than perform their normal duties.
E) Due to economic growth,the economy reaches a new point along its production possibilities frontier.
Correct Answer:
Verified
Q47: A country currently is using all its
Q48: As a society produces more and more
Q49: Assume that society is operating on its
Q50: Figure 2-9 Q51: According to the law of increasing opportunity Q53: A country currently is using all its Q54: Productive inefficiency could arise from Q55: The law of increasing opportunity cost is Q56: Production is productively efficient when Q57: If a society is operating on its
A) a waste
A) the maximum
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents