If the U.S. is operating at a point on the production possibilities curve itself, we can say the U.S. is achieving economic efficiency.
Correct Answer:
Verified
Q4: A study of the effects of a
Q5: FedEx, founded by entrepreneur Frederick Smith, was
Q6: Money and capital mean the same thing
Q7: Points outside the production possibilities curve are
Q8: If the U.S. reduced its unemployment rate
Q10: As a factor of production, capital includes
Q11: Entrepreneurship is a special type of labor
Q12: The 4 factors of production are land,
Q13: Economists believe people can make better choices
Q14: Economic models are built from words, diagrams,
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