Refer to Table 11.1. What is the value of gross private domestic investment?
A) $1,500.
B) $1,400.
C) $1,600.
D) $2,000.
B
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Explain the principle of the "second best."
What will be an ideal response?
If you must make a choice about consuming two apples, three oranges, or one candy bar, the opportunity cost of the two apples is the candy bar plus the three oranges
a. True b. False Indicate whether the statement is true or false
How does an expected change in car prices affect consumption?
What will be an ideal response?
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 E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases. B. initially increases, then decreases. C. decreases. D. remains constant.