Refer to the above graph. Which line shows the full-employment output for the economy?

A. 1
B. 2
C. 3
D. 4

Answer: D

Economics

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An example of perfect competition is when

a. many sellers compete and none control the market price b. several electronic companies form a cartel c. a seller decides to sell clothing, including shirts and jeans d. a seller is misinformed causing him or her to overprice goods

Economics

The World Bank was created to help finance economic development in poor countries

a. True b. False Indicate whether the statement is true or false

Economics