Country X Has a High Unemployment Rate

question 42

Multiple Choice

Country X has a high unemployment rate.It follows that country X is operating

• A) beyond its production possibilities frontier (PPF).
• B) on its PPF.
• C) inside (below)its PPF.
• D) at a productive efficient point.
• E) b and d

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Definitions:

Marginal Benefits

The extra advantages or utilitarian value derived from consuming an additional unit of a product or service, highlighting consumer preferences.

Net Benefit

The total positive effects of a decision or action minus the total costs associated with it.

Crime-Control Program

Initiatives or strategies implemented to reduce the incidence of crime and increase public safety.

Cost-Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives in order to determine the best option in terms of benefits and costs.