Figure 6.3.1 -Look at the Macro Production Possibilities Frontier in Figure 6.3.1

question 101

Multiple Choice

Figure 6.3.1
-Look at the macro production possibilities frontier in Figure 6.3.1. Which point(s) represent unemployed inputs?

• A) a only
• B) b only
• C) a, b, c
• D) d only
• E) e only

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Definitions:

Election of Remedies

The election of remedies is a legal principle that requires a wronged party to choose a single legal remedy among several available, thereby preventing multiple recoveries for the same injury.

Specific Performance

A legal remedy requiring a party to execute a contract according to the precise terms agreed on, rather than paying damages.

Restitution

A legal principle that requires a party to restore the other party to their original position prior to a loss or injury, or to compensate for the loss.

Injunction

A legal order that requires an individual or entity to do or to cease doing a specific action.