The figure above shows how the PPF for cell phones and new cell-phone factories can expand. In the figure, if the economy chose the point on this year's PPF that is above point K, the next year's PPF would

A) shift inward along the vertical axis.
B) shift inward along the horizontal axis.
C) shift outward along the horizontal axis farther than the new PPF shown in the figure.
D) shift outward along the vertical axis, not along the horizontal axis.
E) shift outward along the horizontal axis, but not as far as the new PPF shown in the figure.

C

Economics

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Refer to Figure 7-1. Under autarky, the consumer surplus is area

A) S + V. B) S. C) R. D) R + S + V.

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A company can translate its assets into value if it effectively uses them in the marketplace. The three types of assets are tangible assets, intangible assets, and

A. preliminary assets. B. fictitious assets. C. current assets. D. human assets.

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