In Figure 1.2, which labeled point indicates that there are sufficient resources and technology to produce the combination of goods represented by that point?

The marginal revenue product represents

A) the marginal physical product of labor divided by the price of the good produced. B) the worker's contribution to the firm's total revenues. C) the worker's contribution to the firm's output. D) the value of each additional unit of output.

The process of "demonetization of gold" involves

A. a sudden fall in private demand for gold in a country due to discovery of a minable gold deposit. B. gold sales into the private market in recent decades by central banks and the International Monetary Fund (IMF). C. a sudden increase in the private demand for gold in a country, forcing its central bank to sell off gold. D. the purchase of gold and supply of money into the market by the central banks to defend the fixed gold prices.