According to the budget line in the above figure, which of the following combinations is unaffordable?
A) 1 pizza and 3 CDs
B) 3 pizzas and 2 CDs
C) 2 pizzas and 4 CDs
D) All of the above are affordable.
C
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Which of the following is a reason behind Wal-Mart's success?
a. Absence of unionization and encouragement of merit-based promotions. b. Complete control over the market price. c. Presence of regional managers in the field rather than at headquarters. d. Centralized control and inspection over the functioning of store managers.
A country with a comparative advantage in producing computer chips
A. Has greater capacity to produce computer chips, given its resources, than do its trading partners. B. Has a lower opportunity cost of producing computer chips than its trading partners. C. Can produce computer chips with fewer resources than its trading partners. D. Can achieve better terms of trade in selling computer chips than its trading partners.