The economy was at point A producing 100X and 200Y. It moved to point B where it produces 200X and 300Y. It follows that
The economy was at point A producing 100X and 200Y. It moved to point B where it produces 200X and 300Y. It follows that O (a) point A may have been a point below the economy's PPF, while point B may lie on the production possibilities frontier (PPF). O (b) the economy has moved from one point on its PPF to another point on the same PPF. O (c) the economy's PPF could have shifted outward and point A was a point on the economy's old PPF. O (d) a or b O (e) a or cWhich of the following goods is a final good? O lettuce that a restaurant buys to put on sandwiches O tires that a car company buys to put on the cars it produces O a television set that Chi-Mai buys to put in her college dorm room O all of the aboveThe table below provides the nominal annual salary of the senators and the CPI data [Base Year: 2000} in the United States. Table 15 NominalAnnual Salary Refer to Table 15. What is the real annual salary {expressed in 20012} constant prices) of the US. senators for the years 215. {j $163,?122 {j $154,355.1 C} $156,65 {3 $1 T153414 C) $220,D54.2 TWhich of the following is false? 0 The unemployment rate is the number of people oieially' memployed disided by the civilian labor force. 0 The labor foroe ineludes those people over the age of 14- who are either employed or unemployed. CI Disooumged workers, who have not actively sought work for four weeks are not counted as unemployed; instead they fall out of the labor force. O Some people working overtime or extra jobs might be considered to be otereroployed. Which of the following would he ofciallyr classied as memploy'ed? O a school administrator who has been uniting as a substitute teacher one day per week while looking for a full time job in administration O a mathematician who returned to graduate school after failing to nd a job the last four months O a -yearold former steel worker who would like to work but has given up actively seeking employment O a laidoE construction worker waiting to return to a previous job