Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30
B. exactly 60
C. fewer than 30
D. more than 30
Answer: C
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In periods when prices are falling, on average,
A) real GDP will grow as fast as nominal GDP. B) real GDP will grow slower than nominal GDP. C) real GDP will grow faster than nominal GDP. D) one cannot calculate real GDP.
Many charities like the Sierra Club are established to deal with externalities
a. True b. False Indicate whether the statement is true or false
Large increases in the availability of labor would likely be a source of
A. import competing growth. B. generalized growth. C. specialized growth. D. concentrated growth.
If a candidate for political office was espousing a "pro-growth" agenda and was focused on universal and free college education, this would have its greatest impact on growth through which source?
A. An increase in economic freedom B. An increase in the number of workers C. An increase in the productivity of workers D. None of these