Figure 3-19



Refer to . Sellers whose costs are less than price are represented by which line segment?

a.

AC

b.

CE

c.

BC

d.

CD

c

Economics

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Refer to Figure 2-6. If the economy is currently producing at point E, what is the opportunity cost of moving to point D?

A) 26 thousand forks B) 0 spoons C) 16 thousand spoons D) 20 thousand forks

Economics

The type of unemployment that occurs because of a recession is called:

a. frictional unemployment. b. seasonal unemployment. c. natural unemployment. d. cyclical unemployment.

Economics