Multiple Choice
(Figure: Jets and Drones I) Which of the following statements is TRUE?
A) At point A, the economy is producing an equal number of jets and drones.
B) At point B, 3 units of capital and 7 units of labor are used to produce drones.
C) At point B, the labor and capital inputs are efficiently allocated across the economy.
D) Fewer jets are being produced at point D than at point A.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: In a small economy that produces smart
Q51: (Table: Marginal Products) Which of the following
Q52: May and Noon both like My Little
Q53: The supply of housing in New York
Q54: (Figure: Cereal and Pancakes V) Suppose that
Q56: The market for coffee is characterized by
Q57: Barbecue sauce and chicken thighs are complement
Q58: The market for coffee is characterized by
Q59: (Figure: Clothing and Food II) Answer the
Q60: Two legendary rock bands, The Who and