What is Italy's opportunity cost of producing 5 pairs of shoes?
4 bottles of wine
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The above table gives data for the nation of Sueland. What is the value of net exports?
A) $43 billion B) $234 billion C) -$43 billion D) $511 billion
Mary wants to open her own taco stand. Which of the following will probably happen?
a. She will start up her business in a year because she has to wait to get government approval. b. She will start up her business in a month because of low cost and ease of entry. c. She will take six months to start her business because of all the government certificates she has to get. d. She will take three months to start her business because she has to borrow to pay start-up fees.
An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible b. they classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they do not require a co-payment
If the output price of a product rises, the demand for capital will increase, raising the rental price of capital
a. True b. False Indicate whether the statement is true or false