The above figure shows the production possibility frontier for an economy. The point or points that are not attainable are
A) points B and C.
B) points A, B, and C.
C) point E.
D) points A, B, C, and D.
E) points A and D.
C
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If the minimum efficient scale of a firm is small relative to the demand for the good, then
A) many small firms can compete in the market. B) several large firms will enter the market thereby reducing competition. C) there will be no economic profits for any small firms, so no new firms will ever enter the market. D) the firms already in the market have lower average total cost than any new firm entering the market.
Among the subjects covered in macroeconomics are the
A) unemployment rate for the entire labor force, and the causes of the increase in the overall price level. B) causes of the increase in the price of oil relative to other commodities. C) effects of low wages on the laborers' moral. D) causes of the change in the individual firms' profits.
Conglomerate mergers increase concentration in an industry
Indicate whether the statement is true or false
Nearly half of federal government research and development spending takes place in the
a. National Science Foundation. b. National Aeronautics and Space Administration (NASA). c. Department of Defense. d. Federal Office of Technology Policy.