A local fast-food restaurant mails out coupons for a free sandwich to every home in the community. The opportunity cost of redeeming the sandwich for someone who was on a diet might be:
A. lost wages due to spending time in a long line instead of eating a Healthy Choice meal in your office.
B. not eating because you are on a "get fit for the summer" diet plan.
C. eating a "Tough Man's Burger," which is one of your favorite fast food options.
D. There was no opportunity cost for the sandwich because it was free.
B. not eating because you are on a "get fit for the summer" diet plan.
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Which of the following is CORRECT? The demand for money
A) increases as real GDP increases. B) decreases as the price level increases. C) depends on the quantity of money. D) increases when the nominal interest rate rises.
Countries typically establish export restrictions to encourage the development of substitute products.
a. true b. false
The best example of a public good is
A. education. B. national defense. C. automobiles. D. electricity.
If checkable deposits in the first National Bank total $550 million and the required reserve ratio is 10 percent, then required reserves for first National Bank is
A. $50 million. B. $55 million. C. $7 million. . D. $10 million..