Use the Following to Answer Question

question 114

Multiple Choice

Use the following to answer question:

-(Figure: Guns and Butter) Use Figure: Guns and Butter.Suppose the economy produced 8 guns and 12 pounds of butter per period.Given that,which statement is TRUE?

• A)This is a possible choice,but it is inefficient.
• B)This combination invalidates the notion of increasing opportunity cost.
• C)The economy is still efficient but does not buy as much as it could.
• D)Something must be done to reduce the amount of employment.

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Definitions:

Human Safety

The condition of being protected from or unlikely to cause danger, risk, or injury to individuals.

Regulatory Capture

A theory that regulatory agencies may come to be dominated by the interests they're supposed to regulate, rather than serve the public interest.

Deregulation

The reduction or elimination of government power in a particular industry, usually with the aim of increasing competition and efficiency.

Industry Experts

Individuals with extensive knowledge and experience in a specific industry, often sought after for their insights and advice.