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 A necessarily represents
A. only hybrid cars being produced.
B. an unattainable production point.
C. what society wants.
D. the economy's optimal production point.
Answer: A
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A central bank accepts deposits from
A) the federal government and commercial banks. B) commercial banks and private businesses. C) private businesses and individuals. D) individuals, private businesses, commercial banks, and the federal government.
All of the following can cause conflict between divisions EXCEPT
a. Coordination between divisions does not benefit all divisions equally b. managers of profit centers care too little about the effects of their decisions on other divisions c. corporate executives reward managers based on firm profitability instead of divisional profitability d. corporate executives cannot tell when one divisional manager's decisions are appropriate or not
In general, individuals and nations should specialize in producing those goods for which they have a(n):
A. absolute advantage and a comparative advantage. B. comparative advantage. C. absolutely comparative advantage. D. absolute advantage.
During the Great Recession of 2007-2009, the U.S. ________
A) experienced unprecedented declines in household wealth
B) the unemployment rate more than doubled
C) experienced the most severe economic downturn since the Great Depression
D) all of the above
E) none of the above