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 A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars

A. remains constant.
B. decreases.
C. initially increases, then decreases.
D. increases.


Answer: D

Economics

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Use the following table to answer the next question. The base year is 2007. Hot DogsBaseballsBottles of SodaYearPriceQuantityPriceQuantityPriceQuantity2005$2.00100$5.0050$2.0010020064.001005.001002.0015020076.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Real GDP (constant dollars) for 2005 equals ________.

A. $1500 B. $1050 C. $650 D. $100

Economics

The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it holds 5% of the deposits as reserves. What is the money multiplier in this economy?

a. 5 b. 1 c. 20 d. 10

Economics

In 2010, the real GDP and population of Zincona were $200 million and 5 million, respectively. If the number of farmers in the economy was 0.001 million and the number of government employees was 0.01 million, then Zincona's real GDP per worker was _____ in 2010

a. $40.2 b. $50 c. $30.8 d. $60

Economics

Referring to Figure 1.5, the opportunity cost of producing the second unit of pizza is 

A. one unit of soda. B. six units of soda. C. three units of soda.

Economics