In 2017, Peelville consumed 30,000 bananas. In 2018, banana consumption rose to 35,000. Calculate the percentage change in banana consumption
A) 11.66%
B) 14.28%
C) 16.67%
D) 22.25%
Answer: C
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Migration of educated individuals from developing- to developed countries is referred to as the
a. survival of the fittest b. demographic transition c. disguised unemployment d. brain drain e. none of the above
Banks have historically used the discount window:
A. sparingly, until the financial crisis of 2008. B. often, until the financial crisis of 2008. C. sparingly during recessions, and often during booms. D. often during recessions, and sparingly during booms.
When a production possibilities frontier is bowed outward, the opportunity cost of the first good in terms of the second good increases as more of the second good is produced
a. True b. False Indicate whether the statement is true or false
Refer to the graph shown. If the firm maximizes profit, the marginal cost of its product will be:
A. $6. B. $10. C. $8. D. $4.