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 F
A. is efficient and attainable.
B. cannot be produced with the current state of technology.
C. represents underallocation of resources.
D. represents what the people want.
Answer: B
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What is capital flight?
What will be an ideal response?
Which of the following does not cause “hidden” or “disguised” unemployment?
A. Involuntary part time work B. Discouraged workers C. Shortened work hours D. Loss of overtime
In Figure 9.8, if full-employment income is produced at $400 billion, we can expect inventories to
A. Rise as a result of undesired inventory investment. B. Fall as a result of undesired inventory investment. C. Rise as a result of undesired saving. D. Fall as a result of undesired saving.
Leading indicators of activity in the economy:
A) New building permits B) Current industrial production C) Labor cost per unit or output D) None of the above