Using Figure 1.6, you can tell that 
A. there is constant opportunity cost.
B. there is unemployment.
C. there is increasing opportunity cost.
D. the technology does not exist to produce 90 units of soda and 2 units of pizza.
Answer: C
Economics
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A) provide free market incentives for producers. B) create surpluses by setting the price above equilibrium. C) create shortages by setting the price above equilibrium. D) are used by advocates of the free market.
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Government involvement has become so prevalent in the U.S. economy that the U.S. economy is now generally considered to be a socialist economy
a. True b. False Indicate whether the statement is true or false
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