The equilibrium price in the above figure is
A) $2.
B) $4.
C) $6.
D) $8.
C
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The figure above shows Freda's PPF. Freda currently produces 10 packets of fudge and no cookies. If Freda decides to produce 1 packet of cookies, her opportunity cost of the packet of cookies is ________ of fudge
A) 1 packet B) 1/2 packet C) 2 packets D) 0 packets
The rapid growth of the Chinese economy should
A) benefit U.S. consumers as they have access to less-expensive consumer goods. B) make it more difficult for citizens of the United States to find jobs. C) not affect the mix of jobs available to citizens of the United States. D) A and B
The largest category of money-market instrument is
A) commercial paper. B) U.S. Treasury bills. C) corporate bonds. D) corporate stock.
John D. Rockefeller is most recognized for:
a. developing the oil industry. b. being an early promoter of the computer industry. c. lobbying the government for the abolition of slavery. d. inventing new technology to further the steel production process. e. being an initial supporter of minimum wage laws.