Opportunity costs arise in production because
a. resources are unlimited
b. resources must be shifted away from producing one good in order to produce another
c. wants are limited in society
d. monetary costs of inputs usually outweigh non-monetary costs
e. the monetary costs of only a few resources are zero
B
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The overall regression F-statistic tests the null hypothesis that
A) all slope coefficients are zero. B) all slope coefficients and the intercept are zero. C) the intercept in the regression and at least one, but not all, of the slope coefficients is zero. D) the slope coefficient of the variable of interest is zero, but that the other slope coefficients are not.
The writing of a $1,000 check that is drawn on Bank A and deposited in Bank B
A. increases the money supply initially by $1,000. B. reduces total reserves of Bank A by $1,000 and increases the total reserves of Bank B by the same amount. C. reduces the required reserves of Bank A by $1,000 and increases the required reserves of Bank B by the same amount. D. reduces the excess reserves of Bank A by $1,000 and increases the excess reserves of Bank B by the same amount.
Shortcomings and weaknesses of the SGP did NOT involve:
A) the difficulty of correctly assessing a member's budgetary condition. B) the fact that transgressions and breaking rules had no sure consequences because members tended to forgive their peer nations. C) nations refusing to allow their economies to go into recession to meet a Eurozone budgetary target. D) the fact that transgressions and breaking rules had critical consequences to nations.
Suppose that on average there are four more car accidents for every extra inch of snowfall in a certain region. If snowfall is graphed on the y axis and car accidents on the x axis, then if we graph this relationship, the slope of the line will be
A. 1/4. B. 1/3. C. 4. D. 3.