Multiple Choice
Figure 16.4.1
-Refer to Figure 16.4.1 above. At point B on the graph, there is:
A) an excess supply of food and clothing.
B) an excess demand of food and clothing.
C) an excess demand for food and an excess supply of clothing.
D) an excess supply of food and an excess demand for clothing.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: If the initial distribution of labor and
Q18: Germany and France can produce the amounts
Q19: Scenario 16.2:<br>Sam and Sally are the only
Q20: Once a point on a contract curve
Q21: The statement: "If everyone trades in the
Q23: Coffee and donuts are complements in consumption.
Q24: The following table summarizes the production relationships
Q25: Which of these is NOT an exercise
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 16.2.3 -Refer
Q27: Canada produces MP3 players and lumber, and