Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.
Figure 6.1Refer to Figure 6.1. Along budget constraint AC, the opportunity cost of one hot dog
A. is 1/4 of a hamburger.
B. is 1/2 of a hamburger.
C. is 2 hamburgers.
D. changes as you move down along the budget constraint.
Answer: B
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What are the factors that determine the amount of money an individual desires to hold?
What will be an ideal response?
Part B of the Medicare program covers _____ and is _____
a. pharmaceuticals; voluntary b. pharmaceuticals; mandatory c. physician costs; voluntary d. physician costs; mandatory
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A. decreases trade and economic integration. B. prevents exchange rate overvaluation. C. increases trade and economic integration. D. allows monetary policy to be used to stabilize the domestic economy.