One of the opportunity costs of economic growth is
A) capital accumulation.
B) technological change.
C) reduced current consumption.
D) the gain in future consumption.
C
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Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars Sold Trucks SoldLarry105Joe99Ralph312Based on last month's data, ________ has an absolute advantage in selling cars and ________ has an absolute advantage in selling trucks.
A. Joe; Joe B. Ralph; Larry C. Larry; Joe D. Larry; Ralph
Which of the following would be counted in U.S. GDP?
a. A new U.S.-produced radio bought by a Japanese citizen living in Kyoto b. A used U.S.-produced computer bought by a French citizen living in Kansas c. A new Japanese radio bought by a U.S. citizen in Rhode Island d. A U.S. pianist's concert sales in Britain e. Stock in Microsoft Corporation bought by a Russian citizen
If you purchased a newly issued 30-year bond from Google with a face value of $3,000 and a coupon payment of 6 percent, Google would pay you
A) $100 per year for 30 years plus $3,000 at the end of the 30th year. B) $180 per year for 30 years. C) $180 per year for 30 years plus $3,000 at the end of the 30th year. D) $100 per year plus 6 percent per year for 30 years.
Between 1974 and 2006, hog prices
A. rose far faster than inflation. B. rose at about the overall rate of inflation. C. rose far slower than inflation. D. remained largely constant even in nominal terms.