The opportunity cost of a particular good tends to increase with its rate of output because some resources cannot be easily adapted from the production of one good or service to another
a. True
b. False
Indicate whether the statement is true or false
True
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When the snob effect exists, a change in price is likely to
A) change total revenue less than if there were no network externalities. B) change total revenue more than if there were no network externalities. C) change total revenue the same amount as if there were no network externalities. D) not change total revenue at all.
In an economy without a government and without international transactions, aggregate expenditure at each level of income is equal to: a. consumption plus saving
b. planned investment plus saving. c. disposable income plus the price level. d. consumption plus planned investment. e. planned investment minus saving.
How do changes in open market operations alter the monetary base, and how do changes in the monetary base translate to changes in the money supply?
Reasons for the rapid structural change in financial markets in recent years include all of the following except:
A. globalization. B. technological advances in computing. C. high real interest rates. D. technological advances in communication.