The production possibilities frontier separates ________
A) the goods and services that people want from those that they do not want
B) the types of goods that can be attained from those that can't be attained
C) the quantities of goods and services that can be produced from those that cannot be produced
D) the combinations of goods that people value and those that they don't
C
Economics
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The 20 percent of families with the lowest income in the United States receive approximately ________ percent of total income.
A. 20 B. 15 C. 1 D. 3
Economics
Refer to the graph shown. The free market equilibrium in the graph is at a price and quantity of:
A. $3.50 and 2,000 units. B. $2.50 and 2,600 units. C. $5.00 and 2,600 units. D. $3.50 and 3,100 units.
Economics