-Refer to the Above Diagram for Athletic Shoes

question 177

Multiple Choice

-Refer to the above diagram for athletic shoes.If the current output of shoes is Q₃,then:

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

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Definitions:

Income Distribution

The way in which total income is shared among the members of a society.

Prejudiced Employer

An employer who harbors preconceived opinions or judgments about certain groups of people, which may unfairly influence hiring or workplace practices.

African Americans

A demographic group in the United States consisting of individuals with partial or total ancestry from any of the black racial groups of Africa.