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 E necessarily represents
A. only motorcycles being produced.
B. overallocation of resources.
C. an impossible production point.
D. technological advancement.
Answer: A
You might also like to view...
In the United States, the parity system and commodity support program have historically covered only three basic farm products: wheat, corn, and tobacco
Indicate whether the statement is true or false
Trade adjustment assistance is:
A. difficult to implement because claims of injury are easy to make and may be politically difficult to reject. B. difficult to implement because the adjustment costs of international trade are generally greater than the gains from trade. C. easy to implement because the adjustment costs of international trade are typically less than the gains from trade. D. easy to implement because it is easy to identify the few industries genuinely injured by international trade.
To compare the real price of gas in 1975 to the real price in 2011, we need to know
A) Just the two nominal prices in both years. B) The two prices in both years and the inflation rate in 2011. C) The two prices in both years and the CPI in both years. D) The two prices in both years and the two interest rates in both years.
The figure above shows the costs and demand curves for the Bigshow Cable Company. To avoid any deadweight loss in the market served by Bigshow, the regulator must set the price at
A) $8. B) $6. C) $4. D) $2.