Refer to Figure 11-18. A curve that connects points A, D, and E is called
A) a total cost line. B) an expansion path.
C) an indifference line. D) an input-output curve.
B
Economics
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In the early 1900s, Henry Ford revolutionized the automotive manufacturing industry by instituting the assembly line. What impact did the assembly line method for producing automobiles have on the per-worker production function for Ford?
A) It became linear. B) It shifted down. C) It shifted up. D) It became flatter.
Economics
Under NAFTA, environmental standards are
A) harmonized around U.S. rules. B) harmonized around Canadian rules. C) harmonized around a combination of the rules in all three countries. D) not harmonized.
Economics