Statement I: Institutional Constraints Such as "Blue Laws" or Child

question 223

Multiple Choice

Statement I: Institutional constraints such as "blue laws" or child labor laws put restrictions on our capacity to produce and thus limit our production possibilities curve.
Statement II: We would be operating at full employment with an unemployment rate of five percent and a capacity utilization rate of 85 percent.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Organic Solid

A solid material composed of organic compounds, which consist of carbon atoms bonded together in chains or rings.

Oxygen Balance

Oxygen balance is a concept in chemistry, particularly in the analysis of explosive materials, referring to the ratio between the oxygen available and required for complete oxidation of the combustible components of a compound.

Kinetic-Molecular Theory

The kinetic-molecular theory explains the behavior of gases, including their volume, temperature, and pressure, based on the idea that gases consist of small particles in random motion.

Boyle's Law

Boyle's Law is a gas law stating that the pressure of a given mass of an ideal gas is inversely proportional to its volume at a constant temperature.