Suppose one worker in New Ralph Island can produce 40 walking sticks or 10 boomerangs each hour. The opportunity cost of producing 1 walking stick is _____.?
Fill in the blank(s) with the appropriate word(s).
?0.25 boomerangs
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If the FOMC decides to engage in the selling of government bonds, what is the effect on the money supply?
A) a decrease B) an increase C) an initial increase followed by an additional rise when the bonds mature D) no change
Most governments subsidize basic education because
A) there are external costs associated with well educated citizens. B) the marginal social benefit of education is greater than the marginal private benefit. C) of the existence of private schools. D) None of the above answers are correct.
To determine what a buyer would be willing to pay for a given bond, you must first ________________ by combining its face value, interest rate, maturity date, and market interest rates.
a. calculate its certificate of deposit b. ensure it is a high-yield bond c. determine the bond’s coupon rate d. compute the bond’s present value
Germany has a comparative advantage in the production of which product?
