When Resources Are Used Efficiently, a Country Can Produce More

question 66

Multiple Choice

When resources are used efficiently, a country can produce more of one good, ceteris paribus, only by:

• A)printing more money.
• B)charging a lower price for output.
• C)charging a higher price for output.
• D)producing less of another good.
• E)reducing the amounts of inputs.

---

Definitions:

Amortized

The process of gradually writing off the initial cost of an asset over a period, in accordance with its estimated useful life.

Equity Method

An accounting technique used to record investments in other companies where the investor has significant influence but not full control.

Amortization

The process of gradually writing off the initial cost of an intangible asset over its useful life.

Acquisition Differential

The gap between the acquisition cost of a company and the fair value of its clearly identifiable net assets.