Which point(s) are efficient? Briefly explain why.BPoints A, B, C, and D because they are attainable.Points B, C, and D because this is where maximum output is produced with available resources.Point A because it is inside the production possibilities frontier.Point E because it is where the most capital and consumption goods combined are produced.ADPoint B because it is where the most resources are used to produce capital goods.Which point(s) are inefficient? Briefly explain why.PPFO A. Points B, C, and D because they are on the production possibilities frontier.O B. Points B, C, D, and E because they are unattainable.Consumption goodsO C. Points A, B, C, and D because they are attainable.O D. Point E because it is unattainable.OE. Point A because production there is not using all available resources.At which point is the country's future growth rate likely to be the highest? Briefly explain why.O A. Point E because it is where the production possibilities frontier will shift with growth.O B. Point A because it is where resources are saved for investments.O C. Point D because it is where the most resources are used to produce consumption goods.D. Point C because it is an efficient point where a mix of capital and consumption goods are produced.O E. Point B because it is where the most resources are used to produce capital goods.-....Capital goods

The first two questions are already solved so I solved the third. Production possibility frontier: -…

Answered: At which point is the country's future…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What is predicted by new growth theory? According to new growth theory, A. economic growth most often occurs in economies with large populations, such as what we see in China today B. technological advances are determined by chance O C. our unlimited wants will lead us to ever greater productivity and perpetual economic growth O D. prosperity will last but growth will not last because eventually technology stops advancing Click to select your answer. 品 esc F2 FA F5 F3 F1 # %24
A. Investment in "infrastructure" represents spending on: O roads, bridges, canals, etc. O human capital (education) O government institutions O innovation to physical capital B. Which of the following was not one of Thomas Malthus' assumptions regarding population and economic growth? O Per-capita income would increase. O The economy was agriculturally based O The supply of land was fixed O The population would continue to increase
Please do fast ... ASAP... Fast
Production possibilities (alternatives) A B Capital goods Consumer goods 4 3 2 of 12 14 15 Refer to the above tabl A total output of 3 units of capital goods and 4 units of consumer goods: Select one: O a. will result in the maximum rate of growth available to this economy. O b. is irrelevant because the economy is capable of producing a larger total output. Oc. is unobtainable in this economy. O d. would involve an inefficient use of the economy's scarce resources.
Two countries, Alpha and Beta, have identical production possibilities frontiers. If Alpha produces at point A and Beta produces at point B, then O A. Alpha's economic growth rate will exceed Beta's OB. Alpha's and Beta's economic growth rates will be the same OC. Beta's future consumption will be less than than Alpha's O D. Alpha consumes more than Beta today, but it will grow slower than Beta ó Capital goods (per person) B Consumption goods (per person) PPF
The table below shows the GDP of a country measured in trillions of dollars. What is the growth rate of the GDP of this country in 1999? Year 1998 1999 2000 2001 Profit $526.42 $527.10 $533.69 $541.70 O a) -0.02% O b) 0.04% O c) 0.08% O d) 0.13% O e) 0.18% O f) 0.25% g) There is not enough information to tell.
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Please solve and show how you got the solution for by better understanding
ROBOTS 60 40 30 20 10 0 22 0 50 BEER Assuming robots stands for capital and beer consumer goods, both countries start from the same production possibilities frontier, and the growth path of country 1 is from point (a) to (b) to (c), while country 2 goes from points (d) to (e) to (f) expanding their respective PPF curves, what can you conclude about these countries? O a) Country 1's preference for capital goods will allow it to surpass Country 2 in production of both capital and consumer goods. O b) This model assumes that Country 1 has the requisite infrastructure that allows the capital goods Country 1 produces to be productive, O c) Country 1 produces the right type of capital, that is productive in making goods society wants. O d) Country 1 does not squander the wealth created by its economic growth. O e) All of the above 10 20 30 40
43
Assume a Cobb-Douglas production with capital share 1/3; total factor productivity equal to 1, total population in an economy is equal to 1, depreciation rate is 5 percent and saving rate is 10 percent. Then the steady-state level of capital is about: 1.3 O b. 0.3 О с. 0.8 Od. 2.8 O e. 1.6
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