Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:

Marginal cost curves slope

A) upward because of increasing opportunity cost. B) upward because of decreasing opportunity cost. C) downward because of increasing opportunity cost. D) downward because of decreasing opportunity cost.

A command system is a method of coordinating a firm's productive resources that uses

A) government regulations. B) discipline and punishment. C) a managerial hierarchy. D) survival of the fittest.