Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same.
B. at any of the labeled points, as all of the points represent an efficient allocation of resources.
C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced.
D. indeterminate from this information, as we don't have any information about the society's desires.
Answer: D
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Import restrictions due to the imposition of tariffs by the U.S. government
A) will ultimately cause inefficient resource allocation in the United States. B) will lead to lower incomes in the economy of U.S. trade partners. C) will lead to a decline in the quantity of the product consumed in the United States. D) all of the above are likely to occur
If Marco's output per hour in 2000 was 200 and his output per hour in 2004 was 220, how much would his productivity be in 2004?
A. 20 B. 200 C. 205 D. 220
In a capitalist market economy, the decision to save is made by the same people who make the major investment decisions.
Answer the following statement true (T) or false (F)
Refer to the data provided in Table 10.2 below to answer the following question(s).
Table 10.2 
Refer to Table 10.2. Marginal revenue product of the ________ worker is $250.
A. second B. third C. fourth D. fifth