The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts. Point U is:

A. efficient.
B. attainable.
C. inefficient.
D. unattainable.

Answer: D

Economics

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In the figure above, which of the following is true?

i. Governments coordinate economic activities of households and firms. ii. Governments buy goods and services in goods markets. iii. Households pay taxes directly to firms. A) i and ii B) only i C) only iii D) ii and iii E) only ii

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A firm might prefer to choose a salary system rather than a commission or piece-rate system of compensation when there are concerns about output quality

Indicate whether the statement is true or false

Economics