The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts.
Point T is:
A. attainable.
B. neither attainable nor efficient.
C. both attainable and efficient.
D. efficient.
Answer: A
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Which of the following rises during a recession?
A) Gross Domestic Product B) Investment C) Unemployment D) Consumption
The way in which growth occurs affects the pattern of trade of a country
Indicate whether the statement is true or false
The income elasticity of demand
A) is positive only. B) is negative only. C) must lie between -1 and +1. D) can be positive, negative, or zero.
The opportunity cost of attending college is likely to be higher for a high school graduate who leaves a job grilling hamburgers than it is for a high school dropout who leaves a job working as a computer network administrator
a. True b. False Indicate whether the statement is true or false