Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases.
B. initially increases, then decreases.
C. decreases.
D. remains constant.
Answer: A
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A lesson of the Enron collapse is that government regulation
A) always fails. B) can reduce but not eliminate asymmetric information. C) increases the problem of asymmetric information. D) should be reduced.
If a tax system is made more progressive, the pre-tax wages of upper-income individuals will tend to rise
a. True b. False
A depreciation of Israel's currency (the shekel) means that
a. Israel's exports will become more expensive b. Israel's imports will become more expensive c. Israel's imports will become less expensive d. it now requires fewer shekels to exchange for one unit of another currency e. it now requires more of other currencies in exchange for one shekel
In the U.S., taxes are paid on one's _____ gains/returns. Therefore, a _____ inflation rate encourages more saving
Fill in the blank(s) with correct word