Refer to the Diagram Below

question 139

Multiple Choice

Refer to the diagram below. Points A, B, C, D, and E show:

• A) that the opportunity cost of bicycles increases, while that of computers is constant.
• B) combinations of bicycles and computers which society can produce by using its resources efficiently.
• C) that the opportunity cost of computers increases, while that of bicycles is constant.
• D) that society's demand for computers is greater than its demand for bicycles.

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Definitions:

Taft-Hartley Act

A federal act passed in the United States in 1947 that serves to reduce the power and activities of labor unions.

Strikes

A work stoppage caused by the mass refusal of employees to work, typically aiming to enforce specific demands regarding their employment condition.

CIO

Can refer to Chief Information Officer, a senior executive responsible for managing an organization's information technology strategy. It also can denote the Congress of Industrial Organizations, a federation of labor unions in the United States.

AFL

The American Federation of Labor (AFL) was a national federation of labor unions in the United States, founded in 1886, focused on advocating for fair labor practices and workers' rights.