Which of the following is false? 0 A production possibilities curve represents the potential total output combinations of any two goods for an economy. 0 On a production possibilities curve. we assume that the economy has a given quantity and quality of resources and technology available to use for production. 0 If an economy is operating inside its production possibilities curve, it is not at full capacity, and is operating inefficiently. Such an economy's actual output is less than potential output. 0 By putting unemployed resources to work or by putting already employed resources to better uses. we could shift out the production possibilities curve. Many health economists believe that healthcare reform will: 0 decrease demand for new, better, and more expensive medical advances. 0 lower premiums for young adults. 0 eliminate private health insurance entirely. 0 have a very limited effect on reducing government health-care expenditures. According to the Coase Theorem, private solutions to externalities can lead to the socially efficient outcome when: i. transaction costs are negligible ii. property rights are clearly defined iii. the number of parties involved is small 0 (i), (ii), and (iii) 0 (i) and (ii) onlyr O (iii)0nly O (ii}and (iii) only Which of the following is true? 0 Monopolists, monopolistically competitive firms and perfectly competitive firms all earn positive economic profits in the long run. 0 Monopolists, monopolistically competitive firms and perfectly competitive firms all earn zero economic profits in the long run. 0 Only monopolists and monopolistically competitive firms, but not perfectly competitive firms, can earn positive economic profits in the long run. 0 Monopolists, monopolistioally competitive firms and perfectly competitive firms can potentially all earn positive economic profits in the short run