In the above figure, the opportunity cost of moving from point D to point E is
A. 55 guitars.
B. 100 guitars.
C. 100 ukuleles.
D. 75 guitars.
Answer: A
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Which of the following is a liability for a bank?
a. U.S. government securities owned by the bank b. Deposits with the Fed c. Checkable deposits d. Consumer and business loans e. Building and furniture owned by the bank
If the economy is represented in the graph shown and is currently at point E1, then the economy must be in:
A. long-run equilibrium. B. a recession. C. an economic boom. D. an economic recovery.
Suppose that you are interested in estimating the average impact a job training program has on wages. However, you recognize that there are some observed factors that influence wage, participation on the training program, or both.You may still get the unbiased estimate for the program effectiveness by:
A. Excluding those observed factors from your model and running a simple linear regression
B. Including only the factors that predict wage but not participation as controls and running a multiple linear regression
C. Including only the factors that predict participation but not wage as controls and running a multiple linear regression
D. ?
In the above table, the production of 3 pizzas and 80 cases of soda is
A) impossible unless more resources become available or technology improves. B) feasible but would involve unemployed or misallocated resources. C) possible only if the economy produces with maximum efficiency. D) possible only if there is inflation.