-The Above Figure Shows a Nation's Production Function

question 61

Multiple Choice

-The above figure shows a nation's production function.Point B is

• A)unattainable.
• B)attainable if the nation uses resources inefficiently.
• C)attainable if the nation uses resources efficiently.
• D)the maximum amount of real GDP the nation can ever produce.
• E)Both answers C and D are correct.

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Definitions:

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A market-capitalization-weighted index of 500 of the largest publicly traded companies in the U.S.

Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specific quantity of an underlying asset at a set price within a specified time.