The above table shows the daily production possibilities for a nation. When the economy moves from point A to B in the above table, the opportunity cost of a televison in terms of cars is
A. 2.
B. 0.5.
C. 2.5.
D. 10.
Answer: C
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Excess quantity demanded may result from
A) a government-imposed minimum price above market equilibrium. B) a government-imposed maximum price below market equilibrium. C) an oversupply of output. D) technological progress.
When considering setting the transfer price at the market price of a product similar to the intermediate good that is already available on the market
a. It is appropriate to ignore that the market price includes a margin above marginal cost b. Consider whether the product on the market includes costly features your downstream division does not use c. it is OK if the product on the market is inexpensive because its quality is lower than you use d. if it is similar enough, it is justification for you producing it in-house
The answer is: "When the official price of a currency is lowered." What is the question?
A) What is overvaluation? B) What is revaluation? C) What is appreciation? D) What is depreciation? E) none of the above
What are the main features of the Celler-Kefauver Act?
What will be an ideal response?