The amount of a good that must be given up to produce another good is the concept of:
a. scarcity.
b. specialization.
c. trade.
d. efficiency.
e. opportunity cost.
e
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Unlike dealers, brokers
A) deal in the primary market. B) deal in equity and not in debt. C) do not buy or sell for their own account. D) get most of their funds from consumer deposits.
Government agencies to which the national health care program assigns the task of assisting individuals, families, and small businesses in identifying health insurance policies to purchase are known as
A) health care exchanges. B) markets for health care. C) health insurance regulations. D) health insurance mandates.
Opportunity costs would be increased by
a. firing all workers and moving the plant to China b. removing all of the safety features from factory machinery c. an across the board increase on all products d. switching from producing one product to another
Fiscal policy is most effective in influencing aggregate demand
A. under a fixed exchange-rate system without sterilization. B. under a floating exchange-rate system with a high degree of capital mobility. C. under a floating exchange-rate system with a low degree of capital mobility. D. under a fixed exchange-rate system with sterilization.