Using Figure 1.7, you can tell that 
A. the technology does not exist to produce 10 units of soda and 1 units of pizza.
B. there is increasing opportunity cost.
C. there is unemployment.
D. the technology does not exist to produce 5 units of soda and 3 units of pizza.
Answer: D
You might also like to view...
At the moment, the Federal Reserve keeps the discount rate above the fed funds rate. In so doing, they are
A) discouraging commercial banks from borrowing from the Fed. B) encouraging commercial banks to borrow from each other. C) doing both A and B. D) doing none of the above.
List and describe three arguments that help to explain why nations sometimes restrict trade. Does everyone agree with these arguments?
What happens to aggregate demand as the price level increases?
a. It increases. b. It decreases. c. It remains constant. d. It moves away from equilibrium.
Is price discrimination always legal in the United States?
A. No, while price discrimination is legal throughout the country, it is not allowed if it is used to drive rivals out of business. B. Yes, a firm can price discriminate as long as it benefits them. C. No, price discrimination is discrimination, and its practice is never allowed in the United States. D. No, price discrimination is not legal in some states like California and Nebraska.