________ involves active efforts to increase opportunities in the workplace or education for underrepresented parts of society such as minorities and women.

	Affirmative action
	Collective bargaining
	Anti-discriminative action
	Meritorious action

Alpha and Beta can each produce either oranges or Apples. The table below describes the production possibilities of Alpha and Beta's production for one hour. The opportunity cost of producing 1 orange for Alpha and Beta respectively, are:

	Oranges	Apples
Alpha	18	9
Beta	16	4

	4 apples; 8 apples
	9 apples; 3 apples
	0.5apples; 0.25 apples
	0.33 apples; 0.66 apples

Which of the following is most likely to be a Monopoly?

	A local auto dealership
	A local water company
	A local retail clothing store
	A local real estate company.

The slope of the production possibility frontier is determined by the _______ of expanding production of one good, measured by how much of the other good would be lost.

	comparative advantage
	opportunity cost
	absolute advantage
	relative cost

A natural monopoly may arise when:

	there are diseconomies of scale in an industry.
	the government allows unrestricted access to a market.
	there are large economies of scale relative to the market.
	companies band together to form a larger company.

A natural monopoly may arise when:

	there are diseconomies of scale in an industry.
	the government allows unrestricted access to a market.
	there are large economies of scale relative to the market.
	companies band together to form a larger company.