If Option A costs $40 and yields 20 units of output and Option B costs $50 and yields 20 units of output,
A) Option B and Option A are equally economically efficient.
B) Option B is economically efficient relative to Option A.
C) Option A is economically efficient relative to Option B.
D) It is not possible to determine which option is more economically efficient.
C
Economics
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Refer to Table 20-19. Looking at the table above, what is the approximate rate of growth of real average hourly earnings from 2014 to 2015?
A) 15% B) 4.4% C) -1.5% D) -4.8%
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Import substitution industrialization in Latin America
A) relied on increased exports. B) provided subsidies for exports. C) shifted the bulk of exports away from primary commodities. D) created disincentives to export.
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