The above figure illustrates Mary's production possibilities frontier. Which of the following movements show opportunity costs increasing?
A) point a to point b to point c
B) point a to point f
C) point f to point a
D) point c to point f to point d
A
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All else equal, at what interest rate would the PDV of a lottery prize that pays $1,000,000 today and $1,000,000 each year for the next 19 years be equal to $10,000,000?
A. 5.26% B. 7.75% C. 8.92% D. 50.00%
Most of the investment decisions in the U.S. economy are made by
a. consumers. b. businesses. c. governmental institutions. d. international financial agencies.
Inventory investment occurs when
A. shopkeepers check their inventories. B. grocers sell stocks of canned goods off their shelves. C. automobile dealers add to their stocks of unsold cars. D. individuals buys more company stock shares online.
The term equilibrium refers to the point where:
A. buyers and sellers "agree" on the quantity of a good they are willing to exchange at all prices. B. quantity supplied equals quantity demanded. C. every buyer and seller achieves their best possible outcome. D. the supply curve and demand curve do not intersect.