Figure 7-7
In Figure 7-7 at 100 units, FC equals
a.
1,000.
b.
1,800.
c.
800.
d.
80.
a
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The opportunity cost for a student of attending college for a year is measured by
A. the benefit received by the student. B. the tuition paid for the year. C. the value of the most valued opportunity foregone by attending college. D. the total money outlays associated with attending college.
The period of time from 1,000,000 B.C. to 1300 A.D. was a period of
A) moderate economic growth. B) rapid and sustained economic growth. C) no sustained economic growth. D) slow and steady economic growth.
Rational ignorance would imply that it is in a voter’s best individual interest to ______.
a. spend time informing others about candidates and their positions b. be fully informed about candidates and their positions c. learn only the basics about candidates and their positions d. prevent others from learning about candidates and their positions
Which of the following would shift the AE2 curve back down to the position of AE1?
a. a decrease in the interest rate
b. an increase in real wealth
c. pessimistic economic expectations
d. optimistic consumer expectations