Currently Microland produces fewer cars and trucks than it can efficiently produce. We can illustrate the situation by drawing a point where Microland is ________ its production possibilities frontier for cars and trucks. Select one: a. on b. at the origin of c. outside d. inside

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A: Saving is the source of loanable funds supply Investment is the source of loanable funds demand.

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Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.