-Using Figure 1

question 66

Multiple Choice

-Using Figure 1.4 we know the production of 9 units of soda and 1 units of pizza is

• A)possible, but there would be unemployment.
• B)possible, but only if all resources were fully employed.
• C)impossible because we have the resources but do not have the technology.
• D)impossible because we have the technology but do not have the resources.

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Definitions:

Excessive Stress

A harmful level of stress that can lead to physical, mental, and emotional health issues.

Tax System

The legal framework that outlines how taxes are collected, managed, and spent by the government.

Revenue

The overall revenue produced by a corporation through its primary business of selling goods or services.

Consumer Surplus

The variance between the price consumers are prepared to pay for a product or service and the price they actually incur.