Refer to the information provided in Figure 12.1 below to answer the question(s) that follow. 
Figure 12.1 Refer to Figure 12.1. This competitive firm is currently at Point A on the ATC curve. The firm's move toward an output where ATC will be at point B will make the economy
A. less stable.
B. more fair and the distribution of outcome more equitable.
C. more stable.
D. less efficient.
Answer: D
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A minority of American women work outside the home.
Answer the following statement true (T) or false (F)
.The law of comparative advantage implies that a nation, individual, or region should trade for those economic goods for which it
What will be an ideal response?
Suppose the price level falls. The result is that the:
A. aggregate supply curve would shift to the right. B. aggregate supply curve would shift to the left. C. general price level would rise causing a movement up the aggregate demand curve. D. aggregate demand curve would slope downward because of the real balances effect.
Given full-employment output = $2,800, equilibrium output = $2,500, and MPS = 0.25, which of the following changes would most likely bring the economy to a full-employment level of national output?
A. $300 decrease in taxes. B. $75 increase in government spending. C. $75 decrease in taxes. D. $300 increase in government spending.