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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The median voter theorem is more likely to hold true in elections with a large number of candidates
Indicate whether the statement is true or false
Suppose you must pay a non-refundable $200 down payment to order a new item. Pick the true statement below
A) The $200 represents a marginal cost before you commit to the down payment. B) The $200 represents a sunk cost after you've committed to the down payment. C) Both A and B are true. D) Neither A nor B are true.
Going from a closed to an open economy ________ macroeconomic policymaking, especially now that exchange rates are ________
A) complicates, flexible B) complicates, fixed C) simplifies, flexible D) simplifies, fixed
________: goods for which consumption falls (rises) when income increases (decreases)
Fill in the blank(s) with correct word