Refer to Figure 2-2. What is the opportunity cost of one dozen orchids?
A) 0.4 dozen roses B) 2.5 dozen roses C) 7.25 dozen roses D) 16 dozen roses
B
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How can a combination of goods be unattainable?
What will be an ideal response?
If foreign holdings of U.S. dollars decrease, holding all else constant,
A) the balance on the U.S. current account will decrease. B) the U.S. balance of trade will decrease. C) the balance on the U.S. financial account will decrease. D) the balance on the U.S. capital account will decrease.
The U.K Bribery Act is ________ harsh than the U.S. Foreign Corrupt Practice Act (FCPA) as all facilitating payments ________ illegal.
A) more; are not B) more; are C) less; are D) less; are not
The total accumulated debt of the federal government due to deficit spending is called the:
a. federal deficit. b. Congressional debt. c. deficit debt ceiling. d. national debt.