An economy has two workers, Paula and Ricardo. Every day they work, Paula can produce 4 computers or 16 shirts, and Ricardo can produce 6 computers or 12 shirts. What is the opportunity cost for Ricardo to produce one computer?
A. ½ shirt
B. ¼ shirt
C. 2 shirts
D. 4 shirts
Answer: C
Economics
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What will be an ideal response?
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The survey the Bureau of Labor Statistics uses to collect unemployment data is called the:
A. current population survey. B. census population survey. C. census employment survey. D. current employment survey.
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The productivity speed-up in the United States began in the
a. mid 1970s. b. mid 1980s. c. mid 1990s. d. beginning of 2001.
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________ goods are rival in consumption and their benefits are excludable.
A. Social B. All C. Private D. Public
Economics