Multiple Choice
Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries.
-Which of the following is a possible cause of an increase in profit from the sale of goods and services?
A) A decrease in the per capita income of consumers
B) A decrease in the price of a substitute good or a service
C) An increase in the availability of raw materials
D) A decrease in the price of a good or service, everything else held constant
E) An increase in the price of a good or service, everything else held constant
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Scenario 4-1<br>In a given year, country A
Q6: Figure 5.2. The figure shows the supply
Q7: Figure 5.1. The figure shows a linear
Q8: Figure 5.2. The figure shows the supply
Q9: Figure 5.2. The figure shows the supply
Q11: Figure 5.3. The figure shows the wage
Q12: Figure 5.1. The figure shows a linear
Q13: Figure 5.2. The figure shows the supply
Q14: Figure 5.1. The figure shows a linear
Q15: Figure 5.2. The figure shows the supply