Your opportunity cost of choosing a particular activity
a. can be easily and accurately calculated
b. cannot even be estimated
c. does not change over time
d. varies, depending on time and circumstances
e. is measured by the money you spend on the activity
D
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The above figure shows the market for pizza. Which figure shows the effect of a new report by the U.S. Surgeon General that eating pizza lowers cholesterol levels, an outcome many people want?
A) Figure A B) Figure B C) Figure C D) Figure D
If a dominant firm is charged with refusal to deal under antitrust law, it is being charged because
A) the firm will not set its price at the regulated rate. B) it is refusing to sell a key input to downstream rivals, thereby reducing or destroying competition. C) it is refusing to cooperate with antitrust authorities, such as the Department of Justice. D) it will sell its products only to people who agree to buy only from it and not from rival firms.
The Fed established stock market margin requirements to reduce the possibility of a stock market panic
Indicate whether the statement is true or false
The Rybczynski theorem suggests that development of a new natural resources in a country
A. may cause the country to export only manufactured products. B. may cause the manufacturing sector of the country to shrink. C. will result in balanced growth. D. will increase output in all sectors of the economy.