A nation can produce two products: tanks and autos. The table below is the nation's production possibilities:





Refer to the above table. The marginal opportunity cost of the fourth unit of tanks is:



A. 4 units of tanks

B. 300 units of autos

C. 350 units of autos

D. 1000 units of autos


Answer: B

Economics

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If the dotted horizontal line represents the effect of a usury law then there is a ____ of loanable funds of _____ billion dollars.


A. surplus; 275
B. shortage; 275
C. surplus; 400
D. shortage; 400

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Deflation is bad because:

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An insurance premium is a

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