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Unformatted text preview: ch consumers are indifferent c. The maximum combinations of products that can be produced with fixed resources and technology d. The maximum rate of growth of capital and labor in an economy over time. Answer: C 4. Refer to the above diagram, which statement is incorrect? a. Resources are equally suited for alternative uses. b. If the economy chooses to produce at point A, it will achieve the most rapid rate of growth. c. If the economy moves from point C to A along the PP1, it will achieve the most rapid rate of growth. d. If the economy is at point D, it will experience unemployment. Answer: A 5. Whichofthefollowingdecreasesthequantitysuppliedofcompactdiscsbutdoesnot decreasethesupplyofcompactdiscs? a. adecreaseinthenumberofsuppliersofcompactdiscs b. anincreaseinthepriceoftheresourcesusedtoproducecompactdiscs c. a decreaseinthepriceofacompactdisc  d. anincreaseinthepriceofacompactdisc Answer:C  6. This...
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  • Spring '14
  • Inflation, Tasty Cereal Company, of0200attending0200college 0200 exceeds0200the0200marginal0200benefit, indeterminate 0200 and0200depends0200on0200the0200magnitudes0200of0200these0200demand0200, 0200normative0200statement 0200

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