When the economy moves from point A to B in the above table, the opportunity cost of a computer in terms of televisions is
A) 10.
B) 2.5.
C) 2.
D) 0.5.
B
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Individual employment and training programs are levers most likely to be advocated by:
A. Classical economists. B. New classical economists. C. Keynesians. D. Supply-side economists.
The costs of income inequalities in an economy can be reduced to an extent if there is ________.
A. capital flight B. labor rigidity C. regressive taxation D. income mobility
Explain the impact of capital deepening on workers.
What will be an ideal response?