The principle that the opportunity cost increases as the production of one output expands along the production possibilities curve is the:
a. law of increasing opportunity costs.
b. law of supply.
c. law of demand.
d. law of diminishing returns.
a
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One of the opportunity costs of economic growth is
A) capital accumulation. B) technological change. C) reduced current consumption. D) the gain in future consumption.
The "Crime of ‘73" did not stop the Federal Treasury from buying massive amounts of silver at above-market prices before 1900
Indicate whether the statement is true or false
"Marriage bars":
a. encouraged married women to participate in the labor force. b. became more widespread in the 1920s c. forced female employees to leave work when they married. d. Both a and b are correct. e. Both b and c are correct.
Which of the following is an example of an external benefit?
A. More people start to install solar panels on their roofs, and as a result, electricity use goes down as does the pollution created by the generation of electricity. B. A company opens a slaughterhouse at the end of your street. C. The city spends $500,000 to upgrade the local jail. D. Firms are able to reduce their costs of production by using a more efficient technology.