Which of the following best describes a tradeoff?
a. An office executive enrolling into a management course to develop her skills.
b. An investor buying stocks of a start-up company.
c. A businessman investing a portion of company's profit in research and development.
d. A college student sacrificing a few hours of study time to work at the town cafeteria.
e. A worker purchasing a new car with her bonus earnings.
d
You might also like to view...
If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars?
A) The supply curve will shift to the right. B) The supply curve will shift to the left. C) The demand curve will shift to the left. D) The demand curve will shift to the right.
Government provision of goods and services that cannot easily be provided through markets because it is difficult to establish a one-to-one link between payment and consumption of the good is referred to as the
a. productive function of government. b. protective function of government. c. construction function of government. d. income redistribution function of government.
Which one of the following would be recorded as a credit in the U.S. balance of payments accounts?
a. the purchase of an European-made car by an American b. the purchase of insurance from Lloyd's of London by an American business firm c. the purchase of an American-made computer by an European business d. the purchase of Japanese bonds by an American investor
If GDP is $9,000 billion and the money supply is $1,800 billion, velocity is approximately
A) 0.20. B) 6.00. C) 4.15. D) 5.00. E) There is not enough information provided to answer this question.