No doubt ticket is $45 and you want to illegally sell it (scalp) for $75 what is the opportunity cost?
a. $30
b. $ 45
c. $ 75
d. $ 115
b. $ 45
Economics
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Hyperinflationary episodes are always related to extremely rapid growth of:
A) real GDP. B) money demand. C) interest rates. D) money supply.
Economics
If the quantity demanded of good x rises by 3% and, in response, your income goes up by 2%, the income elasticity of demand would be:
a. 1.5 b. 6 c. 3 d. .20
Economics
The national debt
a. is currently greater than the annual federal deficit b. is reduced by the revenue generated from the federal deficit c. decreases as the deficit is reduced d. is a flow variable e. varies depending on developments in the stock market
Economics
Which of the following is an example of an automatic stabilizer?
What will be an ideal response?
Economics