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anwer the question 14. If two goods are complements: A. they are consumed independently. B. an increase in the price of one will increase the

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14. If two goods are complements: A. they are consumed independently. B. an increase in the price of one will increase the demand for the other. C. a decrease in the price of one will increase the demand for the other. D. they are necessarily inferior goods. 15. With a given level of resources, an economy that can produce food or computers is at point Q on its production possibility curve. Population growth means more resources need to be allocated to food production. At which point in the short term will the economy be in the diagram? output . D of food C output of computers 16. A person makes sandwiches at home for five hours each day. She makes 20 sandwiches per hour, and she sells each sandwich for $2 each. What is the opportunity cost if she takes a holiday on a working day? A. $2 B. $40 C. 20 sandwiches D. 100 sandwiches 17. What can be found in a mixed economy but not in a market economy? A. a national economic development plan B. an unequal distribution of income and wealth C. the operation of the price mechanism D. the private ownership of factors of production 18. Newspapers recently reported there had been a decrease in the demand for beef and that its price per kilogram had increased. From the initial equilibrium point X, which point in the diagram illustrates the new market equilibrium? S price 5. D, D Aqquent

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