Using Figure 1.7, you can tell that 
A. there is unemployment.
B. the technology does not exist to produce 10 units of soda and 1 unit of pizza.
C. there is increasing opportunity cost.
D. there is constant opportunity cost.
Answer: D
You might also like to view...
Savings-and-loans were originally federally insured through the
A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency.
What best describes state fiscal experience in the late 1920s and early 1930s?
a. Revenues dropped consistently through the period because less was being produced. b. State spending decreased through the period c. The growth in state expenditures exceeded the growth of federal expenditures during the same period. d. States either ran budget surpluses or fairly small deficits.
Refer to the following graph. Which of the following reflects government expansionary fiscal or monetary policy which would fail to increase real income?
a. An increase in aggregate demand from AD1 to AD2.
b. An increase in aggregate demand from AD2 to AD3.
c. An increase in aggregate demand from AD3 to AD4.
d. An increase in aggregate demand from AD4 to AD5.
Ceteris paribus, with a fixed exchange rate, if people in Argentina decide to buy more Russian oil, this causes a market ________ of Russian currency and creates a balance-of-payments ________ for Russia.
A. shortage; surplus B. surplus; surplus C. shortage; deficit D. surplus; deficit