Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars

A. remains constant.
B. decreases.
C. initially increases, then decreases.
D. increases.


Answer: D

Economics

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Mitsubishi Corporation of America builds a car in Normal, Illinois, and ships it to Japan for sale. In which country’s GDP is this production included?

A. Japan B. Both Japan and the United States C. In Japan as retail value and the United States as wholesale value D. Half the value in Japan and half in the United States E. The United States

Economics

Which of the following is often described as the most powerful person in the U.S. economy?

A. The president of the United States. B. The Speaker of the House of Representatives. C. The chairman of the House Ways and Means Committee. D. The chairman of the Federal Reserve.

Economics

One factor that particularly affects women’s earning power is that they ______.

a. learn technical skills much more slowly than men do b. are more likely than men to interrupt their careers to raise children c. gravitate to high-paying careers more than men do d. are more likely than men to put in unusually long working hours

Economics

Refer to the information provided in Figure 7.8 below to answer the question(s) that follow.  Figure 7.8Refer to Figure 7.8. If the price of capital is $25, then along isocost line AB total cost is

A. $1,200. B. $1,500. C. $2,000. D. indeterminate from this information since the price of labor is not given.

Economics