Refer to Table 2-2. Assume Billie's Bedroom Shop only produces pillows and blankets. Billie faces ________ opportunity costs in the production of pillows and blankets
A) negative B) constant C) decreasing D) increasing
B
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A country that does NOT engage in trade can benefit from trade only if
A) pre-trade and free-trade relative prices are not identical. B) it employs a unique technology. C) it has an absolute advantage in at least one good. D) its wage rate is below the world average. E) pre-trade and free-trade relative prices are identical.
The practice of medicine in the United States came under widespread regulation _____
a. before the Civil War b. between the Civil War and World War I c. between World War I and World War II d. after World War II
According to the table shown, if Bob is earning $30,000 in the United States and Bill is earning $40,000 in Mexico, what can be said about their standards of living?
This table shows the price-level adjustment as compared to the United States.
A. Bill is earning more in real terms than Bob.
B. Bob is earning more in real terms than Bill.
C. Bob and Bill are earning the same amount in real terms.
D. Bob and Bill are earning the same amount in nominal terms.
According to political business cycle theory, if the Fed wanted to increase the chances of a President's re-election, what specific actions might it take?