Refer to the accompanying figure. For the nation whose PPC is shown, it must be true that:
A. some of the nation's productive resources are better-suited to making milk, and some are better-suited to making movies.
B. the nation has a comparative advantage in making milk.
C. the nation's productive resources are better-suited to making milk than to making movies.
D. the nation's productive resources are better-suited to making movies than to making milk.
Answer: A
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Which of the following is a feature of an M-Form organization?
a. divisions can respond more easily to changes in customer demand b. it is difficult to maintain customer relationships c. coordination across divisions is simple and does not take much management time d. evaluating employees is easier because managers typically are similarly trained
The optimal mix of output may not be produced by an economy because of the existence of
A. Inequity. B. Production possibilities. C. Internalities. D. Underproduction of public goods.