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 B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,

A. increases
B. remains constant.
C. initially increases, then decreases.
D. decreases.


Answer: A

Economics

You might also like to view...

How does the creation of a successful movie influence what, how, and for whom goods and services are produced?

What will be an ideal response?

Economics

Applied research is the search for knowledge without a clue about the end of the research

a. True b. False Indicate whether the statement is true or false

Economics

Supply-side economists argue ______ the regulation of product markets because regulation _______ economic growth.

A. in favor of; stimulates B. against; stimulates C. in favor of; inhibits D. against; inhibits

Economics

Which statement best describes a capitalist economy?

A. The production and allocation of goods and services is determined primarily through government. B. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. C. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. D. The production and allocation of goods and services is determined primarily through markets.

Economics