-Refer to the Above Diagram for Athletic Shoes

question 36

Multiple Choice

-Refer to the above diagram for athletic shoes.If the current output of shoes is Q₁,then:

• A) society would consider additional units of shoes to be more valuable than alternative products.
• B) society would consider additional units of shoes to be less valuable than alternative products.
• C) society would experience a net loss by producing more shoes.
• D) resources are being allocated efficiently to the production of shoes.

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Definitions:

Hang Seng

An index that measures the performance of the largest companies listed on the Hong Kong Stock Exchange, representing various sectors of the economy.

DAX

A blue chip stock market index consisting of the 40 major German companies trading on the Frankfurt Stock Exchange.

FTSE

An acronym for the Financial Times Stock Exchange, which refers to several major stock market indices, such as the FTSE 100, tracking the performance of the largest public companies by market capitalization in the UK.

Nikkei

A stock market index for the Tokyo Stock Exchange, often used to gauge the performance of the Japanese economy.