Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point F
A. is efficient and attainable.
B. cannot be produced with the current state of technology.
C. represents underallocation of resources.
D. represents what the people want.
Answer: B
Economics
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Refer to the diagram for the federal funds market. If the Fed wants to raise the federal funds rate from i f1 to i f3 , it should:
A. lower the reserve ratio.
B. loan more funds at the discount rate.
C. buy bonds from the banks and the public.
D. sell bonds to banks and the public.
Economics
The health care industry encompasses the following sectors, except:
A. Medical laboratories B. Nursing homes C. Nonprescription drugs D. Health clubs
Economics