An Inefficient Allocation of Resources or Unusually High Unemployment

question 88

Multiple Choice

An inefficient allocation of resources or unusually high unemployment:

• A)​causes the production possibilities curve to shift inward.
• B)​causes the production possibilities curve to shift outward.
• C)​can each be illustrated by a point inside the production possibilities curve.
• D)​can each be illustrated by a point outside the production possibilities curve.

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Definitions:

Fair Labor Standards Act

United States federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

National Labor Relations Act

A foundational United States labor law that protects the rights of employees to organize and to bargain collectively with their employers.

Employee Polygraph Protection Act

A United States federal law that generally prevents employers from using lie detector tests, either for pre-employment screening or during the course of employment, with certain exceptions.

Polygraph Tests

A method used to measure and record physiological indicators such as blood pressure, pulse, respiration, and skin conductivity while the subject answers a series of questions, purportedly to indicate truthfulness.