Asked by
Katie Picataggio
on Nov 26, 2024
Verified
Discrimination
A) affects the distribution of domestic output and income but not its total size.
B) is shown as some point outside of an economy's production possibilities curve.
C) places the economy at some point inside of its production possibilities curve.
D) affects the total size of domestic output and income but not its distribution.
Production Possibilities Curve
Represents different combinations of two goods that can be produced with a given set of resources and technology, assuming efficient use of resources.
Domestic Output
The total value of all goods and services produced within the borders of a country within a specific period.
- Scrutinize the repercussions of bias on work opportunities, earning distribution, and the macroeconomic backdrop.
Verified Answer
SW
Learning Objectives
- Scrutinize the repercussions of bias on work opportunities, earning distribution, and the macroeconomic backdrop.