Using Figure 1.5 above, you can tell that 

A. there is increasing opportunity cost.
B. the technology does not exist to produce 4 units of soda and 1 unit of pizza.
C. there is unemployment.
D. the technology does not exist to produce 3 units of soda and 3 units of pizza.


Answer: D

Economics

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The long-run Phillips curve is a(n) ____ line at the natural rate of unemployment

a. horizontal b. vertical c. upward-sloping d. downward-sloping

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Microsoft's government-granted exclusive right to make and sell the Windows operating system is called a

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Rosa is willing to pay $200 for the iPhone, but the actual price is $400. This means

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