Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced.
B. an unattainable production point.
C. what society wants.
D. the economy's optimal production point.
Answer: A
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When a firm is experiencing decreasing marginal costs, it implies
a. marginal productivity is decreasing b. workers are getting more unproductive c. a constant marginal productivity d. increasing marginal productivity
The Saturn Corporation (once a division of GM) was permanently closed in 2009 . What went wrong with Saturn?
a. Saturn's cars sold at prices higher than rivals Honda or Toyota, so they could not sell many cars. b. Saturn sold cars below the prices of Honda or Toyota, earning a low 3% rate of return. c. Saturn found that young buyers of Saturn automobiles were very loyal to Saturn and GM. d. Saturn implemented a change management view that helped make first time Saturn purchasers trade up to Buick or Cadillac. e. all of the above
Although trade policies do not affect a country's overall trade balance, they do affect specific firms and industries
a. True b. False Indicate whether the statement is true or false
Spending for ______ is heavily influenced by international tensions.
a. Social Security b. local grants c. transfer payments d. defense