The table above shows a nation's production possibilities frontier. The opportunity cost of a robot between combination D and E is

A) 1/4 of a pizza.
B) 34 pizzas.
C) 30 pizzas.
D) 4 pizzas.
E) undefined because neither point is production efficient.

D

Economics

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Monopsony firms will hire more workers than they would if the labor market were competitive

Indicate whether the statement is true or false

Economics

If the government increased the income tax on the rich and increased transfer payments to the poor, the most likely result would be

a. to increase investment in the economy b. the eradication of poverty c. a rise in the Gini coefficient d. an increase in the economy's rate of economic growth e. a decline in the economy's rate of economic growth

Economics