Given a Production Possibilities Curve, a Point

question 17

Multiple Choice

Given a production possibilities curve, a point:

• A) inside the curve represents unemployment.
• B) on the curve represents full employment.
• C) outside the curve is currently unattainable.
• D) all of the above.

Understand the definition and characteristics of tight oil.

Identify the energy source with the highest net energy ratio for various applications.

Recognize the primary consumption of oil in the United States.

Estimate when affordable oil supplies are projected to deplete.

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Definitions:

Working Capital

A firm’s investment in short-term assets—cash, marketable securities, inventory, and accounts receivable.

MVA

Market Value Added, a measure of a company's financial performance representing the difference between the market value of a firm and the capital contributed by investors.

Market Value Added

A calculation that shows the difference between the market value of a company and the capital contributed by investors.

Economic Value Added

A measure of a company's financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit.