Refer to the diagram. The combination of computers and bicycles shown by point G is:
A. attainable but too costly.
B. unattainable given currently available resources and technology.
C. attainable but involves unemployment.
D. irrelevant because it is inconsistent with consumer preferences.
B. unattainable given currently available resources and technology.
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Economies of scope is the term used to describe an industry that is composed of firms having substantial economies of scale
a. True b. False
A negative income tax program provides a simple way to assist the unemployed
a. True b. False Indicate whether the statement is true or false
The slope at any point on an indifference curve equals the absolute price at which a consumer is willing to substitute one good for the other
a. True b. False Indicate whether the statement is true or false
Many people believed that when the calendar changed from December 31, 1999 to January 1, 2000, many bank records were going to be wiped out, so many people planned on withdrawing their funds. If this were to happen, this would be an example of:
A. operational risk. B. liquidity risk. C. interest rate risk. D. credit risk.