The tradeoff between current consumption and the production of capital goods also reflects a tradeoff between
A) the future production of capital goods and future consumption of goods.
B) economic growth and technological change.
C) satisfying today the needs of the poor and the wants of the wealthy.
D) current consumption and future consumption.
D
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From Table 2.2, which column is the one for shortage? 
A. column A B. neither A nor B C. column B D. either A or B are equally likely
Consider a market for product X where 75 percent of the stores charge $500 and 25 percent charge $450. Compute the expected benefit from an additional search when the first search results in a price of $500.
A. $12.50 B. $50 C. $37.50 D. $500
In 2008, the Treasury and Federal Reserve took several actions in response to the deepening financial crisis. One action was that the Fed announced it would loan up to $200 billion of Treasury securities in exchange for
A) stock. B) mortgage-backed securities. C) corporate bonds. D) required bank reserves.
Refer to the diagrams, which pertain to monopolistically competitive firms. Short-run equilibrium entailing economic loss is shown by:
A. diagram a only.
B. diagram b only.
C. diagram c only.
D. both diagrams a and c.