Refer to Table 2-10. What is Barney's opportunity cost of making a pogo stick?
A) 2 unicycles B) 1.4 pogo sticks C) 1/3 of a unicycle D) 1/2 of a unicycle
D
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Who, among the following, is least likely to practice cost-plus-markup pricing?
A) Dolly J. Dalrymple, a Wisconsin dairy farmer B) The Wisconsin Cheeses-R-Us factory C) The Cheese-of-the-Month Club D) Trick question: all are equally likely to use cost-plus-markup pricing.
Even though Mexico is a developing country, the NAFTA market is very rich
Indicate whether the statement is true or false
In an open economy, total income is the sum of exports and imports
Indicate whether the statement is true or false
Long-run economic growth can occur as the result of
A. A technological advance. B. A rightward shift in aggregate demand. C. The employment of more of the available resources. D. An increase in the price level.