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 A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. fewer than 20
B. more than 20
C. exactly 20
D. exactly 90
Answer: C
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________ policy involves decisions about government spending and taxation
A) Monetary B) Fiscal C) Financial D) Systemic
Two types of costs must be considered when selecting the optimal decision rule. They are _____ and _____
a. decision-making costs; external costs b. marginal costs; variable costs c. decision-making costs; political costs d. political costs; external costs
The consumer price index (CPI) is computed as the ratio of nominal GDP to real GDP
a. True b. False Indicate whether the statement is true or false
To say that a firm is competitive in the labor market is to say that the firm
a. has little or no control over the number of workers it hires. b. has little or no control over the wage it pays its workers. c. is aggressive in pursuing the most skilled workers in the labor market. d. is aggressive in trying to keep its workers' wages low.