You are at a restaurant deciding if you would like some dessert after the meal. The dinner is over so you do not want anything else but the dessert. The opportunity cost of getting the dessert would include
a. Nothing, because you are already there
b. Another round of appetizers possibly
c. Anything else you could buy
d. None of the above
c
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The Fed is part of the executive branch of the federal government
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of structural unemployment?
a. The rise in unemployment for horse-stable workers after the development of gasoline-powered automobiles. b. The rise in unemployment among farm workers after harvest. c. The unemployment associated with workers changing jobs. d. The increase in unemployment during recession.
In the market for bank reserves, a reduction in the required reserve ratio will cause
A. a reduction in the demand for reserves. B. a reduction in the federal funds rate. C. an increase in the equilibrium quantity of reserves. D. all of these.
Refer to the above table. What does the marginal product equal when the quantity of labor goes from 3 to 4?
A. 72 B. 9 C. 216 D. 18