Moe Divides His Time Between Studying Physics and Studying Economics

question 17

Multiple Choice

Moe divides his time between studying Physics and studying Economics. He has discovered that he can earn grades as shown on this production possibilities curve. Moe needs to earn at least an 80 in both economics and physics to keep his scholarship. Given his current PPC, an 80 in both classes is ______.

• A) infeasible
• B) attainable, but only if Moe is efficient
• C) efficient
• D) attainable, but inefficient

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Definitions:

Herbert Spencer

A 19th-century English philosopher and sociologist known for applying the theory of natural selection to society, coining the phrase "survival of the fittest."

Henry Demarest Lloyd

An American progressive political activist and a critic of corporate power and monopoly, best known for his works on the Standard Oil Company.

English Noblemen

Refers to individuals of noble birth or rank in England, typically holding substantial land, wealth, and power in the medieval to early modern periods.

Marriage Market

The social process through which individuals search for and find a spouse, often influenced by considerations of social status, wealth, and compatibility.