Think about opportunity coast in this question: A fish hatchery raises brook trout and rainbow trout. An increase in the market price of brook trout therefore tends to
What will be an ideal response?
increase the hatchery's cost of raising rainbow trout.
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The Nifty Gum Co has purchased a large parcel of land for $1 million. The company recently discovered that the land is contaminated and is worthless to all possible buyers. The opportunity cost of the land is
A) $0. B) $1 million. C) some amount greater than $0 but less than $1 million. D) equal to the cost of the factory that was planned to be built there.
Included in the official U.S. money supply are
a. U.S. government bonds. b. corporate stocks. c. check able deposits. d. All of these.
Which of the following is not true about venture capitalists?
A. They provide financial support for entrepreneurial ideas. B. They are a critical link between entrepreneurial ideas and market reality. C. They issue shares of the IPO. D. They share in the risks and rewards of entrepreneurial ideas.
The sale of __________ goods is omitted from current GDP because __________
A) intermediate goods; these goods do not constitute production B) used goods; these goods were counted in an earlier year C) illegal; these goods do not constitute economic value D) b and c E) a, b, and c