The opportunity cost of holding a dollar is
A) a dollar.
B) the price of a government bond.
C) less than a dollar.
D) the interest yield that could have been earned by holding some other asset.
D
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In terms of the aggregate demand and aggregate supply framework, the Great Depression can be viewed as a: a. rightward shift of the aggregate demand curve
b. rightward shift of the aggregate supply curve. c. downward movement along the aggregate demand curve. d. a leftward shift of the aggregate demand curve. e. a leftward shift of the aggregate supply curve.
Which of the following is NOT a measure of productivity?
A. Average advertising B. Total product C. Input-output ratio D. Marginal product
A workplace externality benefits fellow workers.
Answer the following statement true (T) or false (F)
A natural monopoly owes its existence to
A) control of a key input. B) persistently declining long-run average costs as scale increases. C) patents. D) increasing marginal returns and the ability to obtain quantity discounts from suppliers.