When a Nation Is Under-Allocating Resources to the Production of a Good

question 17

Multiple Choice

When a nation is under-allocating resources to the production of a good, then the:

• A) Marginal benefit is greater than the marginal cost of the good
• B) Marginal benefit is less than the marginal cost of the good
• C) Marginal cost of producing the good is decreasing
• D) Marginal benefit of producing the good is increasing

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Definitions:

Basilic Vein

A large superficial vein of the upper limb that helps drain parts of the hand and forearm, and runs on the medial side.

Brachial Vein

The brachial vein is a deep vein in the arm that helps transport deoxygenated blood back to the heart from the lower arm and hand.

Hepatic Portal System

A system of veins that carries nutrient-rich blood from the gastrointestinal organs to the liver for processing.

External Iliac Vein

A large vein in the pelvic region that carries deoxygenated blood from the lower limbs back to the heart.