1. Improvements in technology. 2. Increases in the supply (stock) of capital goods.

3. Purchases of expanding output.

4. Obtaining the optimal combination of goods, each at least-cost production.

5. Increases in the quantity and quality of natural resources.

6. Increases in the quantity and quality of human resources.

Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?

Multiple Choice

1, 2, 5, and 6 only
3 and 4 only
1, 3, and 4 only
3 only
More than 75 percent of the world's income is earned by what percentage of the world's population?

Multiple Choice

10 percent
40 percent
20 percent
5 percent

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?