Refer to the above graph. Which of the following statements about combination G is true?
a. The nation cannot produce combination D.
b. The nation would prefer to be at combination F than at combination G
c. The nation can currently produce combination G.
d. The nation cannot produce combination G because of insufficient resources and technology
Ans: d. The nation cannot produce combination G because of insufficient resources and technology
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A corporation has legal status like an individual citizen.
Answer the following statement true (T) or false (F)
To signal to your insurance company that you are a low risk individual you should
a. Accept an insurance policy with no co-payments b. Accept an insurance policy with co-payments c. Accept an insurance policy with a low deductible d. None of the above
Collusion:
A. rarely occurs in reality. B. never occurs in reality. C. has not occurred in the last hundred years or so, due to government policy outlawing it. D. is a common problem in reality.
The value added at all stages of production sums to the market value of the final good, and the value added for all final goods sums to GDP based on the income approach
a. True b. False Indicate whether the statement is true or false