Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point E necessarily represents
A. only motorcycles being produced.
B. overallocation of resources.
C. an impossible production point.
D. technological advancement.
Answer: A
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Fiscal policy involves the manipulation of ________
A) U.S. interest rates B) wages and prices C) federal government spending and tax revenues D) the supply of money
In low-income LDCs, per capita income is typically _______ and per capita growth rate is ________
a. between $100 and $500 per year; negative or less than 2 percent per year b. between $1000 and $5000 per year; 2 to 10 percent per year c. between $10,000 and $50,000 per year; typically negative d. between $1 and $50 per year; negative e. between $0 and $100 per year; negative
Which statement is true?
A. Most American workers are members of labor unions. B. Virtually no Americans are members of labor unions. C. A rising percentage of workers are members of labor unions. D. A declining percentage of workers are members of labor unions.
An increase in autonomous consumption has the same equilibrium effect as a(n)
A. decrease in investment. B. increase in investment. C. decrease in net exports. D. increase in taxes.