Refer to the information provided in Figure 2.5 below to answer the question(s) that follow. Figure 2.5Refer to Figure 2.5. For this economy to move from Point B to Point C so that an additional 20 OLED televisions could be produced, production of LCD televisions would have to be reduced by

A. more than 30.
B. exactly 60.
C. fewer than 30.
D. exactly 30.

Answer: A

Economics

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If merchandise exports exceed merchandise imports, the trade balance is in deficit

Indicate whether the statement is true or false

Economics

Every time you make a __________, you incur a(n) __________

A) decision; efficient effect B) choice; opportunity cost C) competitive move; price D) decision; mistake E) none of the above

Economics