Point F
A. is where the United States' economy operates most of the time.
B. is unattainable.
C. represents a severe recession.
D. can be temporarily attained under unusual circumstances.
D. can be temporarily attained under unusual circumstances.
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See the production possibility tables for Marketopia and Econlandia below.MarketopiaEconlandiaCookiesPiesCookiesPies018091012306206603300900Given this information, we can determine that
A. Marketopia has a comparative advantage in the production of both goods. B. Marketopia has a comparative advantage in the production of pies. C. Econlandia has a comparative advantage in the production of pies. D. Neither bakery has a comparative advantage.
Procyclical variables ________ during expansions and ________ during recessions
A) fall; fall B) rise; fall C) fall; rise D) rise; rise
Firms organize production by using a mixture of two systems: (1 ) command systems and (2 ) incentive systems
Indicate whether the statement is true or false
The market for ice cream is a
a. monopolistic market. b. highly competitive market. c. highly organized market. d. Both b and c are correct.