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 D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases.
B. increases.
C. remains constant.
D. decreases.
Answer: B
You might also like to view...
If a marginal cost pricing rule is imposed on the firm in the figure above, the price will be
A) $5 per unit. B) $25 per unit. C) $40 per unit. D) $20 per unit.
Refer to Figure 4-1. If the market price is $1.00, what is the consumer surplus on the fourth burrito?
A) $0 B) $0.50 C) $1.50 D) $2.25
In an attempt to separate the quality changes from price changes of a product over time, the BLS does a:
A. hedonic quality adjustment by estimating what the price of the item would be without the improved features. B. hedonic quality adjustment by estimating the price of similar goods. C. qualitative price change by estimating the price of all possible brands of the items. D. qualitative market adjustment by estimating the price of the items in all markets.
The central bank for the euro area tries to achieve accountability and transparency through a:
A. specific target for the dollar euro exchange rate. B. following the monetary policy guidance of the European Parliament. C. standard numerical objective for inflation over the medium term. D. specific target for unemployment and economic growth.