Refer to Exhibit 2-7. Which of the following statements is true?
A. If the economy's PPF is represented by PPF1, points A and B are productive efficient, while C and D are unattainable.
B. Point F is more efficient than point D.
C. Points B and D are more efficient than points A and C.
D. If the economy's PPF is represented by PPF2, points C and D are productive efficient, while A and B are unattainable.
D. If the economy's PPF is represented by PPF1, points A and B are productive efficient, while C and D are unattainable.
 ANSWER 2.png)
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The following graph depicts demand. 
The price elasticity of demand at point C is:
A. 16/3. B. 3/16. C. 3/8. D. 3/4.
When average variable cost is at its minimum level, marginal product _________
A. equals average product B. exceeds average product C. is less than average product D. is at its maximum level
The North American Free Trade Agreement is likely to lead to
a. decreased employment in some U.S. industries. b. decreased employment in all U.S. industries. c. increased employment in all U.S. industries. d. no changes in U.S. employment.
In order to hire additional laborers, a monopsony must
A. raise the wage rate. B. lower the supply of labor. C. advertise for the labor. D. do nothing.