Using Figure 1.5 above, we know the production of 6 units of soda and 1 unit of pizza is 
A. possible, but only if all resources were fully employed.
B. possible, but there would be unemployed resources.
C. impossible because we have the resources but do not have the technology.
D. impossible because we have the technology but do not have the resources.
Answer: A
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Pension fund growth has been spurred by the recent development of "defined __________ plans," such as the __________ plan
A) benefit; 401(k) B) benefit; Keogh C) contribution; 401(k) D) contribution; Keogh
The Bahamas and Cayman Islands are known for their warm, sandy beaches and their
A) Edge Act corporations. B) shell banks. C) section 20 affiliates. D) high taxation.
Long-run diseconomies of scale exist over the range of output for which the long-run average total cost curve
a. rises. b. remains constant. c. falls. d. does not exist.
Monopolistic competition is characterized by a:
A. few dominant firms and low entry barriers. B. large number of firms and substantial entry barriers. C. large number of firms and low entry barriers. D. few dominant firms and substantial entry barriers.