Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X, ceteris paribus.Table 1.3Production Possibilities for Brushes and CombsCombinationNumber of combsOpportunity Cost(Foregone brushes)Number of brushesOpportunity Cost (Foregone combs)J4 0NAK3 10 L2 17 M1 21 N0NA23 On the basis Table 1.3, what is gained by producing at point M rather than point N?
A. 21 combs.
B. 1 comb.
C. 2 combs.
D. 23 combs.
Answer: B
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a. the discount window and the term auction facility b. the discount window but not the term auction facility c. the term auction facility but not the discount window d. neither the discount window nor the term auction facility
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Explain what the phrase "price rationing" means
What will be an ideal response?