Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,

A. initially increases, then decreases.
B. increases.
C. remains constant.
D. decreases.

Answer: B

Economics

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In 2014, South America had a lower average GDP per capita than any other continent

Indicate whether the statement is true or false

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If MFC > MRPL, the firm should

A) hire more workers. B) lower wages. C) get rid of some capital. D) reduce the number of workers.

Economics