Misty spends her entire weekly allowance of $15 on two goods: T-shirts (which cost $10 each) and lipstick (which costs $5)
What is the opportunity cost of a T-shirt? If her parents raise her allowance to $20 per week, what happens to the opportunity cost of a T-shirt?
The opportunity cost of a T-shirt is 2 lipsticks. If her parents change her allowance, the opportunity cost of a T-shirt is unaffected.
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Indicate whether the statement is true or false
For corporate taxes, the lowest tax bracket is
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A) U.S. Treasury securities. B) mortgage-backed securities. C) loans to depository institutions. D) currency outstanding.
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