Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. A shift from ppf1 to ppf2 may be caused by
A. an improvement in technology.
B. an increase in inflation.
C. an increased desire for consumer goods.
D. a change in consumer tastes.
Answer: A
Economics
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for tuna. Which panel best describes what happens in this market when there is a decrease in the productivity of commercial fishermen?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
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Health insurance companies impose deductibles on policies and co-payments on claims to reduce the problem of adverse selection
Indicate whether the statement is true or false
Economics